Canada’s Industrial Products Price Index Up 0.8% Month-Over-Month and 18.3% Year-Over-Year in November

Original Source:
The Daily and key data tables

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%).

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