Issue 19-188 Industrial Product Price Index

November 29, 2019

Canadian manufacturers’ selling prices were 1.3% lower in October than in the same month of 2018. The decrease was mostly attributable to falling prices for energy and petroleum products (-9.5%), which saw the sixth consecutive year-over-year decline. Prices for pulp and paper (-5.4%) and chemical (-5.3%) products were also notably lower than in October of last year. Excluding energy and petroleum products, the Industrial Product Price Index would have been up slightly (+0.2%) over the twelve-month period.

Meanwhile, the cost of raw materials dipped 5.0% in October, due mostly to 9.8% decline in prices for crude energy products.

Data Source: Statistics Canada