Producer Prices Index: Stage of Processing: Total Primary Products for Canada
PISPPR01CAM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.27
Year-over-Year Change
-9.40%
Date Range
1/1/1981 - 9/1/2020
Summary
The Producer Prices Index for Stage of Processing: Total Primary Products measures price changes for raw materials and unprocessed goods produced in Canada. It serves as an important barometer of inflationary pressures at the early stages of the production cycle.
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 Prices Index for Stage of Processing: Total Primary Products tracks price movements for unprocessed goods and commodities in Canada. It is a key indicator used by economists and policymakers to assess emerging price trends and inflationary risks throughout the supply chain.
Methodology
This index is calculated by the Canadian government statistical agency based on surveys of producers and vendors across the country.
Historical Context
Trends in the Producer Prices Index help inform monetary policy decisions by the Bank of Canada and provide context for the country's overall economic performance.
Key Facts
- The index has a base year of 2010 = 100.
- It covers prices for agricultural products, forestry goods, and other unprocessed materials.
- The data is released monthly by Statistics Canada.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Stage of Processing: Total Primary Products measures changes in prices received by Canadian producers for raw, unprocessed goods and commodities.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into inflationary pressures and price dynamics at the earliest stages of the production cycle, helping to inform economic analysis and policy decisions.
Q: How is this data collected or calculated?
A: The index is calculated monthly by Statistics Canada based on surveys of producers and vendors across the country.
Q: How is this trend used in economic policy?
A: Trends in the Producer Prices Index help the Bank of Canada and other policymakers assess emerging inflationary risks and make informed decisions about monetary policy.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a relatively short time lag, providing timely insight into Canadian price dynamics.
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Citation
U.S. Federal Reserve, Producer Prices Index: Stage of Processing: Total Primary Products for Canada (PISPPR01CAM661N), retrieved from FRED.