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Actual | Forecast | Previous | Revised Form | |
| -1.1% | -0.6% | -0.5% | N/A | ||
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Industrial Product Price Index (IPPI) for May
PPI y/y: -4.3%, pr. -2.2% (Apr), -0.1% (Mar), 1.6% (Feb),
RMPI m/m: 2.2%, pr. -0.5% (Apr), 12.1% (Mar), 1.7% (Feb),
From the Release: "The Industrial Product Price Index (IPPI) declined 1.1% in May compared with April, pulled down for a second consecutive month by the appreciation of the Canadian dollar against its US counterpart. On the other hand, the 2.2% upswing in the Raw Materials Price Index (RMPI) was attributable to rising prices for crude oil. The IPPI was pulled down especially by prices for motor vehicles and other transport equipment (-4.0%), and, to a lesser extent, pulp and paper products (-3.1%), primary metal products (-2.4%), electrical and communication products (-2.3%) and lumber and other wood products (-1.9%). Most of these product groups are more affected by fluctuations in the exchange rate. Year over year, the IPPI declined 4.3% in May after decreases of 2.2% in April and 0.1% in March. The last time the IPPI recorded a comparable year-over-year decrease was in November 2003, when it declined 4.1%. The IPPI was pulled down by the prices for petroleum and coal products (-39.1%) and primary metal products (-16.2%). This decline in prices was mainly offset by an increase in prices for motor vehicles and other transport equipment (+10.6%)." |
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| 9/30 | 10/30 | 11/28 | 1/6 | 1/29 | 2/27 | 3/31 | 4/30 | 6/1 | 6/30 | ||
| Actual | -0.2% | -1.2% | 0.0% | -2.6% | -1.9% | -0.1% | 0.4% | 0.3% | -0.5% | -1.1% | |
| Forecast | -0.3% | -0.5% | -1.1% | -0.9% | -2.0% | -0.3% | 0.4% | 0.3% | 0.2% | -0.6% | |
| Previous | 0.4% | -0.1% | -1.2% | -0.1% | -2.7% | -2.1% | -0.1% | 0.5% | 0.3% | -0.5% | |
| Revised From | N/A | -0.2% | N/A | 0.0% | -2.6% | -1.9% | N/A | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 2.2% | 2.0% | -0.5% | N/A |
| 9/30 | 10/30 | 11/28 | 1/6 | 1/29 | 2/27 | 3/31 | 4/30 | 6/1 | 6/30 | ||
| Actual | -7.7% | -7.2% | -12.5% | -13.4% | -15.4% | 1.4% | 1.7% | 12.1% | -0.5% | 2.2% | |
| Forecast | -3.3% | -4.8% | -6.3% | -9.0% | -10.0% | -2.2% | 0.2% | 1.9% | 6.2% | 2.0% | |
| Previous | 1.4% | -7.7% | -7.2% | -12.9% | -13.4% | -15.4% | 1.4% | 1.6% | 12.1% | -0.5% | |
| Revised From | N/A | N/A | N/A | -12.5% | N/A | N/A | N/A | N/A | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| -0.5% | 0.2% | 0.3% | N/A | ||
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Industrial Product Price Index (IPPI) for March
PPI y/y: -2.2%, pr. -0.1% (Apr), 1.6% (Feb), 1.2% (Jan), 2.5% (Dec),
RMPI m/m: -0.5%, pr. 12.1% (Apr), 1.7% (Feb), 1.4% (Jan),
From the Release: "The Industrial Product Price Index (IPPI) and the Raw Materials Price Index (RMPI) were both down 0.5% in April compared with March, halting their upward movements since the start of the year. The Industrial Product Price Index was mainly pulled down by the appreciation of the Canadian dollar in relation to the US dollar, and the Raw Materials Price Index was affected by lower prices for mineral fuels. The IPPI fell 0.5% in April, a slight downturn following increases of 0.4% in February and 0.3% in March. The decline in the IPPI was led by lower prices for motor vehicles and other transport equipment (-2.2%) and pulp and paper products (-2.3%). These two product groups are more affected by fluctuations in the exchange rate."
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Actual | Forecast | Previous | Revised Form | |
| -0.5% | 6.2% | 12.1% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 0.3% | 0.3% | 0.5% | N/A | ||
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Industrial Product Price Index (IPPI) for March
PPI y/y: -0.1%, pr. 1.6% (Feb), 1.2% (Jan), 2.5% (Dec), 5.9% (Nov),
RMPI m/m: 12.1%, forecast 1.9% pr. 1.7% (Feb), 1.4% (Jan), -15.4% (Dec),
From the Release: "The Industrial Product Price Index (IPPI) rose 0.3% in March compared with February, due to the depreciation of the Canadian dollar against the US dollar and higher prices for primary metals. The Raw Materials Price Index (RMPI) advanced 12.1% compared with February, pushed up by a strong increase in crude oil prices. The IPPI rose 0.3% in March following a 0.5% increase in February. Motor vehicles and other transport equipment rose 0.9%, as a result of the depreciation of the Canadian dollar in relation to its US counterpart. Prices for primary metal products increased 1.3%, pushed up by copper and copper alloys in primary forms. These increases were offset in part by lower prices for metal fabricated products, petroleum and coal products as well as chemical products." |
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Actual | Forecast | Previous | Revised Form | |
| 12.1% | 1.9% | 1.6% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 0.4% | 0.4% | -0.1% | N/A | ||
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Industrial Product Price Index (IPPI) for February
PPI y/y: 1.6%, pr. 1.2% (Jan), 2.5% (Dec), 5.9% (Nov), 9.5% (Oct),
RMPI m/m: 1.7%, forecast 0.2% pr. 1.4% (Jan), -15.4% (Dec),
From the Release: "In February, the Industrial Product Price Index (IPPI) rose 0.4% compared with January, due to both the depreciation of the Canadian dollar against the US dollar and increases in the prices for precious metals and petroleum products. The Raw Materials Price Index (RMPI) advanced 1.7 % compared with January, pushed up by rising crude oil prices. The IPPI rose 0.4% in February, a modest upturn following the stability in the index in January and the declines of 2.7% and 2.2% recorded in November and December respectively. Motor vehicles and other transport equipment rose 1.1% as a result of the depreciation of the Canadian dollar in relation to its US counterpart. The prices for primary metal products increased 2.2%, pushed up by precious metals; these have been subject to strong global demand, since they are seen as a hedge in a period of economic uncertainty. Prices for petroleum and coal products advanced 1.2%, a second consecutive monthly increase." |
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Actual | Forecast | Previous | Revised Form | |
| 1.7% | 0.2% | 1.4% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| -0.1% | -0.3% | -2.1% | -1.9% | ||
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Industrial Product Price Index (IPPI) for January
PPI y/y: 1.2%, pr. 2.5% (Dec), 5.9% (Nov), 9.5% (Oct), 8.2% (Sep),
RMPI m/m: -1.4%, forecast -2.2% pr. -15.4%, -13.4% (Dec), -12.5% (Nov),
From the Release: "The Industrial Product Price Index (IPPI) declined 0.1% in January compared with December, while the Raw Materials Price Index (RMPI) rose 1.4%. The strong downward movement registered by these two indexes during the previous two months halted in January, with petroleum prices strengthening on world markets. The IPPI decreased 0.1% in January, stabilizing after declines of 2.8% in November and 2.1% in December. Prices for petroleum and coal products increased 1.6%, after registering five substantial monthly declines in a row." |
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Actual | Forecast | Previous | Revised Form | |
| 1.4% | -2.2% | -15.4% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| -1.9% | -2.0% | -2.7% | -2.6% | ||
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Industrial Product Price Index (IPPI) for December
PPI y/y: 2.5%, pr. 5.9% (Dec), 9.5% (Nov), 8.2% (Sep), 8.5% (Aug), 6.8% (Jul),
RMPI m/m: -15.4%, forecast -10.0%, pr. -13.4% (Dec), -12.5% (Nov),
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Actual | Forecast | Previous | Revised Form | |
| -15.4% | -10.0% | -13.4% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| -2.6% | -0.9% | -0.1% | 0.0% | ||
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Industrial Product Price Index (IPPI) for November
PPI y/y: 5.9%, pr. 9.5% (Oct), 8.2% (Sep), 8.5% (Aug), 6.8% (Jul),
From the Release: "In November, the steep drop in oil prices caused record monthly declines in the industrial product and raw materials price indexes. The Industrial Product Price Index (IPPI) decreased by 2.6%, while the Raw Materials Price Index by 13.4%. Year over year, the IPPI rose 5.9% in November, a substantial slowing of the growth of the index compared with the 9.5% rate posted in October. The IPPI's record 2.6% drop in November was the largest of three consecutive monthly declines, as well as the steepest decrease registered since the series was created in 1956. The contraction of prices for petroleum and coal products accelerated for a second straight month, decreasing 18.9% compared with a drop of 13.8% in October." |
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Actual | Forecast | Previous | Revised Form | |
| -13.4% | -9.0% | -12.9% | -12.5% |
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Actual | Forecast | Previous | Revised Form | |
| 0.0% | -1.1% | -1.2% | N/A | ||
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Industrial Product Price Index (IPPI) for October
PPI y/y: 9.5%, pr. 8.2% (Sep), 8.5% (Aug), 6.8% (Jul), 5.4% (Jun),
From the Release: "In October, the Industrial Product Price Index (IPPI) remained unchanged from September as the strong decline of the Canadian dollar cancelled out the negative effect of falling prices for refined petroleum products. However, the substantial decrease in prices for mineral fuels was a major factor for the 12.5% drop in the Raw Materials Price Index. The IPPI remained unchanged in October, following a 1.2% decline in September. The contraction of prices for petroleum and coal products accelerated with a 13.8% decrease, compared with a 4.5% decline in September. The drop in prices for petroleum products was the strongest since September 2006. However, the 2.2% increase for the group of products excluding petroleum and coal entirely offset the effect of the price reductions. This increase was mainly attributable to the exchange rate effect." |
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Actual | Forecast | Previous | Revised Form | |
| -12.5% | -6.3% | -7.2% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| -1.2% | -0.5% | -0.1% | -0.2% | ||
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Industrial Product Price Index (IPPI) for September
PPI y/y: 8.0%, pr. 8.5% (Aug), 6.8% (Jul), 5.4% (Jun), 2.7% (May), 1.0% (Apr)
The prices that producers receive when goods their factories fell 1.2% in September. This follows a much smaller 0.1% decline in August. Inflation may not be as strong a concern for the Bank of Canada if those price drops filter through to the retail side and ease consumer prices. The decline in prices for petroleum products was the main catalyst behind the data, but metal prices were down as well as global demand falters. The US Dollar-Canadian Dollar tested the 1.19 level overnight, and then gave up part of its gains in the NY session. This week has seen the pair drop in favor of the Loonie after testing key resistance at 1.30 |
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Actual | Forecast | Previous | Revised Form | |
| -7.2% | -4.8% | -7.7% | N/A |
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Actual | Forecast | Previous | Revised Form | |
| -0.2% | -0.3% | 0.4% | N/A | ||
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Industrial Product Price Index (IPPI) for August
PPI y/y: 8.1, pr. 6.8% (Jul), 5.4% (Jun), 2.7% (May), 1.0% (Apr)
From the Release: "In August, the price indexes for manufactured goods and raw materials declined 0.2% and 7.7% respectively from July. The strong decrease in prices for petroleum products brought to a halt the uninterrupted monthly growth observed since the end of 2007. The monthly decline of 0.2% in the Industrial Product Price Index (IPPI) in August was largely attributable to a 6.0% drop in prices for petroleum and coal products. Excluding petroleum and coal products, the prices of other industrial goods increased 0.8%, a rate of growth comparable to the average rate recorded in the previous two months. Also contributing to the decline in August was a 3.1% drop in prices for primary metal products, as a result of lower global demand." |
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Actual | Forecast | Previous | Revised Form | |
| -7.7% | -3.3% | 1.4% | N/A | ||
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For August
RMPI y/y 22.7%, pr. 28.9% (Jul), 32.1% (Jun) From the Release: "The Raw Materials Price Index (RMPI) posted a strong 7.7% decline in August, ending a string of 10 consecutive monthly increases. This change in direction for the RMPI was mainly due to the strong 11.3% contraction in the prices for mineral fuels, following 5 straight monthly increases. If mineral fuels were excluded, the RMPI would have fallen 1.8% after a brief upturn of 0.5% in July. Compared with August 2007, raw materials cost plants 22.7% more, which represented a second slowdown in the growth of prices since the 32.1% increase in June. The rise in the index was mainly attributable to higher prices for mineral fuels and vegetable products, while non-ferrous metals and wood slowed its advance." |
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