The Industrial Product Price Index (IPPI) and Raw Materials Price Index (RMPI) will implement a basket update on September 20, with the release of August 2024 data. The current weights are based on 2016 production values. With this update, the weights of the index values will reflect 2019 production values of Canadian manufacturers, based on data from the Supply and Use Tables, the Annual Survey of Manufactures and Logging and alternative data sources. The 2019 basket will be linked to the 2016 basket at the July 2024 reference period, so movements up to this period will reflect previous baskets, while movements for August 2024 onwards will reflect the 2019 basket.
Contact information
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).