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Highlights
- The IPPI in July edged up 0.1%, led mainly by primary metal products, while lower petroleum and coal prices dampened the increase of the overall index.
- The Canadian dollar depreciated 0.5% in July relative to the US dollar. If the exchange rate used to convert these prices had remained at the same level, the IPPI would have been unchanged instead of up 0.1%.
- Excluding petroleum and coal prices, the IPPI rose 0.3% in July compared with a 0.7% decline in June.
- Since July 2009, the IPPI increased 1.0%, led mostly by higher prices for primary metal products (+9.4%) and by petroleum and coal products (+7.5%).
- On the other hand, the IPPI year-over-year advance was moderated by lower prices for motor vehicles and other transportation equipment (-3.9%).
- Between July 2009 and July 2010, prices for products excluding petroleum and coal increased 0.3%, registering its first gain since May 2009.
- The RMPI in July relative to June increased 1.8%, mainly a result of higher prices for mineral fuels (+1.8%) and, to a lesser extent, non-ferrous metals (+3.6%) and vegetable products (+4.1%).
- Excluding mineral fuels, the RMPI rebound 1.7% following two consecutive monthly declines.
- Compared to the same month a year earlier, the RMPI increased 6.0% in July, mainly led by higher prices for mineral fuels (7.9%).
Conversion of indexes to 2002=100
With the October 2010 publication (data for the reference month of August 2010), the Industrial Product Price Index (IPPI) and the Raw Materials Price Index (RMPI) series will be converted to 2002=100 as its time reference year. These indexes will also be updated using a 2002 weighting pattern. The Electric Power Selling Price Index (EPSPI) will be converted at a later date.
The new indexes will appear in CANSIM with the publication of data for the reference month of August 2010. The new series will appear in new CANSIM tables with new vectors. The old indexes, based on 1997=100, will be terminated with the data for the reference month of July 2010.
Conversion factors will be published with the data for the reference month of August 2010 to link the new index series to the old. They will be based on comparisons of July 2010 indexes for monthly series and 2009 annual averages for annual series.
For more information, contact Client Services (toll-free 1-888-951-4550; 613-951-4550; fax: 613-951-3117; ppd-info-dpp@statcan.gc.ca), Producer Prices Division.
