Issue 19-91 Industrial Product Price Index

June 3, 2019

Canadian manufacturers’ prices were somewhat higher (+1.8%) this April than in the same month of 2018. A 3.2% year-over-year jump in the price of motorized and recreational vehicles was the largest contributor to the overall increase, and price boosts for meat, fish and dairy products (+5.9%) also exerted upward pressure.

Meanwhile, the Raw Materials Price Index (RMPI) rose 3.2% in April, marking the first increase since October 2018. The RMPI was pushed up primarily by climbing prices of crude energy (+4.7%) and animals and animal (+9.5%) products. A 3.2% year-over-year decline in prices for metal ores, concentrates and scrap products only moderated the overall increase.

Data Source: Statistics Canada