Producer Prices Index: Economic Activities: Manufacturing: Domestic for Canada
Index 2015=100, Annual
CANPPDMAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.58
Year-over-Year Change
50.72%
Date Range
1/1/1960 - 1/1/2022
Summary
The Index 2015=100, Annual measure tracks the annual change in Canada's producer price index, reflecting the average change in selling prices received by domestic producers of goods and services.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The producer price index (PPI) is a key economic indicator that measures the average change over time in the selling prices received by domestic producers of goods and services. The Index 2015=100, Annual tracks the year-over-year movement in this metric for the Canadian economy.
Methodology
The data is collected through surveys of producers and calculated as an index with a base year of 2015.
Historical Context
The PPI is used by policymakers, analysts, and businesses to monitor inflationary pressures and inform economic decision-making.
Key Facts
- The base year for the Index 2015=100 is 2015.
- The PPI tracks average changes in selling prices, not consumer prices.
- Canada's PPI is a key indicator of domestic production costs and price pressures.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Annual measures the year-over-year change in Canada's producer price index, which reflects the average change in selling prices received by domestic producers.
Q: Why is this trend relevant for users or analysts?
A: The PPI is a leading indicator of inflation and provides insight into domestic production costs and price pressures, making it a key data point for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of producers and calculated as an index with a base year of 2015.
Q: How is this trend used in economic policy?
A: The PPI is used by policymakers, central banks, and analysts to monitor inflationary pressures and inform decisions on monetary policy, interest rates, and other economic interventions.
Q: Are there update delays or limitations?
A: There may be delays in the release of the monthly PPI data, and the index may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Index 2015=100, Annual (CANPPDMAINMEI), retrieved from FRED.