2016-11-09 00:00:00Cash FlowEnglishFind out what the Industrial Product Price Index represents in Canada.https://quickbooks.intuit.com/ca/resources/ca_qrc/uploads/2017/03/Female-employee-holding-tablet-processing-product-price-with-credit-card.jpgWhat is the Industrial Product Price Index?

What is the Industrial Product Price Index?

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In Canada, the Industrial Product Price Index is a measure of the change in prices of major commodities sold by manufacturers. Statistics Canada compiles the IPPI monthly.

The prices used for the IPPI are those of goods sold at the factory gate. Therefore, it excludes all taxes and transportation fees, and the index reflects the amount that the producer actually receives. The IPPI is expressed as a reference to a base period where the year 2010 is equal to 100. For example, for August 2016, the IPPI was 109.8.

Statistics Canada compiles the IPPI by sending sample questionnaires to manufacturers throughout Canada. The largest producers in a given industry are always included in the sampling; smaller producers are selected randomly.

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Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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