Statistics Canada (StatsCan) today (12-14-21) released its Industrial Products Price Index (IPPI) for November 2021. According to the “flash estimate,” the IPPI increased 0.8% month-over-month in November. Year-over-year the IPPI was up 18.3%.
For the seventh consecutive month, the prices for ammonia and chemical fertilizers were up 10.5%. Year-over-year these products have increased 136.6%.
Softwood lumber rose 5.3% in November, after an increase of 13.3% in October. Year over year, prices for softwood lumber were up 21.8%. This was the first year-over-year increase since July 2021 (+47.9%).
FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.