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Main Indicator: Producer Price Index
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 0.1% | 0.7% | 0.9% | N/A | ||
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Industrial Product Price Index (IPPI) for February
IPPI y/y: -0.8% Producer price inflation cooled in February as prices for petroleum and coal slowed during the period. Lower inflation helps bolster the case for the Bank of Canada to lower rates if economic growth follows the US and begins to seriously erode. From the Release: "Prices for manufactured products edged up in February, as higher prices for primary metals were partly offset by lower prices for motor vehicles. The growth in raw materials prices was slowed substantially by a drop in crude oil prices. From January to February, prices charged by manufacturers, as measured by the Industrial Product Price Index (IPPI), rose 0.1%, a marked slowdown compared with the increases of 1.1% in December and 1.0% in January. The growth in prices for petroleum and coal products slowed considerably after three months of vigorous increases. Excluding petroleum and coal products, the IPPI would have remained unchanged in February. Strong growth for primary metal products and, to a lesser extent, fruit, vegetables and feed products was largely offset by lower prices for motor vehicles and other transport equipment." |
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Table of Past Data
| 6/28 | 7/30 | 8/30 | 9/28 | 10/30 | 11/29 | 1/4 | 2/1 | 2/29 | 4/1 | ||
| Actual | -0.5% | -1.3% | -0.7% | -1.0% | -0.9% | -1.1% | 0.6% | 1.1% | 0.9% | 0.1% | |
| Forecast | 0.2% | -0.5% | -0.7% | -0.5% | -0.3% | -0.6% | 0.3% | 0.6% | 0.8% | 0.7% | |
| Previous | +0.3% | -0.5% | -1.2% | -0.7% | -1.0% | -0.9% | -1.2% | 0.6% | 1.1% | 0.9% | |
| Revised From | +0.2% | N/A | -1.3% | N/A | N/A | N/A | -1.1% | N/A | N/A | N/A | |
Secondary Indicator: Raw Materials Price Index
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 3.1% | 5.1% | 5.1% | N/A |
Table of Past Data
| 9/28 | 10/30 | 11/29 | 1/4 | 2/1 | 2/29 | 4/1 | 4/30 | 5/30 | 6/27 | ||
| Actual | -2.8% | -0.9% | 0.3% | 3.4% | 0.2% | 3.4% | 0.5% | 6.6% | 5.1% | 3.1% | |
| Forecast | -0.9% | 0.7% | 0.4% | 1.0% | 0.8% | 0.7% | 2.6% | 1.9% | 2.8% | 5.1% | |
| Previous | 4.0% | -2.8% | -0.8% | 0.7% | 3.4% | 0.4% | 3.4% | 0.5% | 6.7% | 5.1% | |
| Revised From | 3.9% | N/A | -0.9% | 0.3% | N/A | 0.2% | N/A | N/A | 6.6% | N/A | |
Past Releases
Raw Materials Price Index
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Actual | Forecast | Previous | Revised Form | |
| 5.1% | 2.8% | 6.7% | 6.6% | ||
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Raw Materials Price Index (RMPI) for April
PPI m/m: 1.4%, forecast 1.0%, pr. 1.8% From the Release: "The Raw Materials Price Index (RMPI) continued its upward trend with a month-over-month increase of 5.1% in April, after registering a 6.7% rise in March. The RMPI reached a new historical peak, up 22.5% from its last low point in September 2007. The increase of the RMPI in April was mainly driven by strong prices for mineral fuels, which rose significantly for a second consecutive month. If mineral fuels were excluded, the RMPI would have fallen 1.2% and would have registered its first decline after four consecutive monthly increases. Compared with April 2007, raw materials cost plants 23.0% more. The rise in the index was primarily driven by higher prices for mineral fuels and vegetable products." |
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Actual | Forecast | Previous | Revised Form | |
| 6.6% | 1.9% | 0.5% | N/A | ||
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Raw Materials Price Index (RMPI) for March
IPPI
The inflation reports' impact overwhelmed that of the poor GDP report. This is becoming a deja vu of economic developments as central banks across the world are dealing with the duality of economic growth risk, and inflationary risk. |
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Actual | Forecast | Previous | Revised Form | |
| 0.5% | 2.6% | 3.4% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 0.9% | 0.8% | 1.1% | N/A | ||
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Industrial Product Price Index (IPPI) for January
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Actual | Forecast | Previous | Revised Form | |
| 3.4% | 0.7% | 0.4% | 0.2% | ||
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For January
IPPI m/m: 0.9%, forecast 0.8%, pr. 1.1%
The Canadian Dollar gained following the release, stalling a greenback rally. The surge in raw materials can add to inflationarry pressure and would make the Bank of Canada more inclined to hold rates steady. Consumer prices have been falling, especially core, so we'll have to see if the higher prices for materials gets passed through to consumers. |
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Actual | Forecast | Previous | Revised Form | |
| 1.1% | 0.6% | 0.6% | N/A | ||
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Industrial Product Price Index (IPPI) for December.
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Actual | Forecast | Previous | Revised Form | |
| 0.2% | 0.8% | 3.4% | N/A | ||
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For December
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Actual | Forecast | Previous | Revised Form | |
| 0.6% | 0.3% | -1.2% | -1.1% | ||
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Industrial Product Price Index (IPPI) for November. Official Release from Statistics Canada IPPI y/y: 0.6% Prices charged by manufacturers, rose 0.6%, a marginal increase after six consecutive months of declines. The rise was almost exclusively caused by surging prices for petroleum and coal products. The steep increase in energy products overmatched declines for motor vehicles and other transport equipment, metals, and pulp and paper products. The Raw Materials Price Index surged 3.4% on the increase to crude oil prices. |
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Actual | Forecast | Previous | Revised Form | |
| 3.4% | 1.0% | 0.7% | 0.3% | ||
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For November. Official Release from Statistics Canada The Raw Materials Price Index jumped 3.4%, as prices for mineral fuels rose 9.7%, owing mainly to a 10.7% jump for crude oil. Compared to November 2006, raw materials cost plants 15.7% more, also mainly on the back of higher prices for mineral fuels. |
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Actual | Forecast | Previous | Revised Form | |
| -1.1% | -0.6% | -0.9% | N/A | ||
| For October. | |||||
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Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.4% | -0.8% | -0.9% |
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Actual | Forecast | Previous | Revised Form | |
| -0.9% | -0.3% | -1.0% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| -0.9% | 0.7% | -2.8% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| -1.0% | -0.5% | -0.7% | N/A | ||
| For August | |||||
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Actual | Forecast | Previous | Revised Form | |
| -2.8% | -0.9% | 4.0% | 3.9% |
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Actual | Forecast | Previous | Revised Form | |
| -0.7% | -0.7% | -1.2% | -1.3% | ||
| The Industrial Product Price Index (IPPI) in Canada fell by 0.7% in July. According to Statistics Canada, this was the third month of declines, and was fueled by falling prices for metals (-3.9%) and the strength of the Canadian Dollar. Prices for motor vehicles (-0.8%) and transportation equipment also declined. Higher Prices for petroleum and coal products (+0.8%), and lumber and other wood products (+0.9%) brought the index up. Year-over-year, IPPI edged down 0.3%, which is the first decline in 22 months. | |||||
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Actual | Forecast | Previous | Revised Form | |
| -1.3% | -0.5% | -0.5% | N/A | ||
| According to Statistics Canada (StatCan), the drop in the index from May to June essentially reflects lower prices for primary metal , petroleum and coal, and auto equipments. On a 12-month basis, prices advanced 2.2%. | |||||
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Actual | Forecast | Previous | Revised Form | |
| -0.5% | 0.2% | +0.3% | +0.2% |