Canadian Industrial Product Price Index for September Rose 1% Month-Over-Month and 15% Year-Over-Year

Statistic Canada (StatsCan) today (10-15-21) released their flash estimates for the Industrial Product Price Index (IPPI) for September. The IPPI increased 1.0% month-over-month in September and was up 15.0% year-over-year.

The month-over-month increase in IPPI was led higher by 3.3% increase in energy and petroleum. A similar 3.3% increase was reported in fabricated metal products and construction materials. Chemicals and chemical products followed closely with a 2.9% increase.

Helping to moderate the monthly increase in the IPPI, the Prices for lumber and other wood products fell -2.5%. Prices for this commodity group have been declining for four consecutive months. The decrease was mostly due to lower prices for softwood lumber (-2.5%).

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.
Original Source:
Industrial Product Price Index: Flash estimates, September 2021