Issue 19-75 Industrial Product Price Index

April 30, 2019

Canadian manufacturers’ selling prices were 1.5% higher in March than in the same month of 2018. The increase was mostly attributable to climbing prices for motorized and recreational vehicles (+3.1%) and primary ferrous metal products (+8.1%). Meanwhile, prices for primary non-ferrous metal products (-4.0%) were notably lower than in March of last year, moderating the overall increase. Prices for energy and petroleum products were down slightly (-0.1%), such that excluding this the subsector, the Industrial Product Price Index would have climbed 1.8% over the twelve-month period.

Meanwhile, the cost of raw materials dipped 1.5% in March, due mostly to declines in prices for animal (-1.2%), crude energy (-1.3%) and metal ores, concentrates and scrap (-3.6%) products.

Data Source: Statistics Canada