Issue 19-02 Industrial Product Price Index

January 7, 2019

Canadian manufacturers’ selling prices were 2.8% higher in November 2018 than in the same month of 2017. The increase was mostly attributable to climbing prices for energy and petroleum (+3.6%), pulp and paper (+11.3%) and primary ferrous metal (+14.0%) products. The overall increase was partly moderated by a decline in prices for primary non-ferrous metal (-5.6%). Excluding energy and petroleum products, the Industrial Product Price Index would have climbed 2.6% over the twelve-month period.

Meanwhile, the cost of raw materials dipped 9.9% in November, due primarily to a 20.9% decrease in prices for crude energy products.

Data Source: Statistics Canada