Industry price indexes

Transcription

1 Catalogue no XIE Industry price indexes February 2004

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3 Statistics Canada Prices Division Industrial Prices Industry price indexes February 2004 Published by authority of the Minister responsible for Statistics Canada Minister of Industry, 2004 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without prior written permission from Licence Services, Marketing Division, Statistics Canada, Ottawa, Ontario, Canada K1A 0T6. April 2004 Catalogue XPE, vol. 30, no. 2 ISSN Catalogue XIE, vol. 30, no. 2 ISSN Frequency: Monthly Ottawa La version française de cette publication est disponible sur demande (n o XPF/XIF au catalogue). Note of Appreciation Canada owes the success of its statistical system to a long-standing partnership between Statistics Canada, the citizens of Canada, its businesses, governments and other institutions. Accurate and timely statistical information could not be produced without their continued cooperation and goodwill.

4 Symbols The following standard symbols are used in Statistics Canada publications:. not available for any reference period.. not available for a specific reference period... not applicable p r x E preliminary revised suppressed to meet the confidentiality requirements of the Statistics Act use with caution F too unreliable to be published Note on Cansim CANSIM (Canadian Socio-Economic Information Management System) is Statistics Canada's computerized data bank and its supporting software. Most of the data appearing in this publication, as well as many other data series are available from CANSIM via terminal, on computer printouts, or in machine readable form. Historical and more timely data, not included in this publication, are available from CANSIM. For further information write to Marketing Division, Statistics Canada, Ottawa, K1A 0T6 or call (613) Registered Trade Mark of Statistics Canada. Revision Unless otherwise stated, price indexes in this publication are subject to revision for the most recent six months shown. Any revisions beyond these limits are so indicated. This publication was prepared under the direction of: George Beelen, Director, Prices Division Fred Barzyk, Chief, Producer Prices Section The paper used in this publication meets the minimum requirements of American National Standard for Information Sciences Permanence of Paper for Printed Library Materials, ANSI Z ii Statistics Canada - Catalogue no

5 Release Dates (on CANSIM and in The Daily) for the Industrial Product Price Index and the Raw Materials Price Index 2004 Industry Price Indexes, February 2004 Reference month Release on CANSIM and in the Daily December January 29, 2004 January 2004 March 2, 2004 February 2004 March 31, 2004 March 2004 April 29, 2004 April 2004 May 28, 2004 May 2004 June 29, 2004 June 2004 July 29, 2004 July 2004 August 30, 2004 August 2004 September 29, 2004 September 2004 October 28, 2004 October 2004 December 1, 2004 November 2004 January 5, 2005 December 2004 January 28, 2005 Statistics Canada - Catalogue no iii

6 Table of Contents Page Industrial Product and Raw Materials Price Indexes Highlights vi Table 1. Summary of Recent Price Movements 1 2. Industrial Product Price Indexes, by Commodity and Commodity Aggregations, 1997 = Meat, Fish and Dairy Products 2 Fruit, Vegetable, Feed and Other Food Products 5 Beverages 8 Tobacco and Tobacco Products 9 Rubber, Leather and Plastic Fabricated Products 9 Textile Products 11 Knitted Products and Clothing 13 Lumber and Other Wood Products 15 Furniture and Fixtures 18 Pulp and Paper Products 19 Printing and Publishing 22 Primary Metal Products 22 Metal Fabricated Products 25 Machinery and Equipment 28 Motor Vehicles and Other Transport Equipment 30 Electrical and Communications Products 33 Non-metallic Mineral Products 35 Petroleum and Coal Products 36 Chemicals and Chemical Products 40 Miscellaneous Manufactured Products 43 Miscellaneous Non-manufactured products Industrial Product Price Indexes, by Industry and Industry Groups, 1997 = Food Manufacturing 45 Beverage Manufacturing 46 Tobacco Manufacturing 46 Textile Mills 46 Textile Product Mills 47 Clothing Manufacturing 47 Leather and Allied Product Manufacturing 47 Wood Product Manufacturing 47 Paper Manufacturing 48 Printing and Related Support Activities 48 Petroleum and Coal Products Manufacturing 48 Chemical Manufacturing 48 Plastic Product Manufacturing 49 Rubber Product Manufacturing 49 Non-Metallic Mineral Product Manufacturing 49 Primary Metal Manufacturing 50 Fabricated Metal Product Manufacturing 50 Machinery Manufacturing 51 Computer and Electronic Product Manufacturing 51 Electrical Equipment, Appliance and Component Manufacturing 51 Transportation Equipment Manufacturing 52 Furniture and Related Product Manufacturing 53 Miscellaneous Manufacturing 53 iv Statistics Canada - Catalogue no

7 Table of Contents - Concluded Page Table 4. Industrial Product Price Indexes, by Stage of Processing, 1997 = Electric Power Selling Price Indexes, for Non-residential Customers, 1997 = Raw Materials Price Indexes, 1997 = Mineral Fuels 57 Vegetable Products 57 Animals and Animal Products 58 Wood 59 Ferrous Materials 59 Non-ferrous Metals 59 Non-metallic Minerals 60 Explanation of Methods Used and Additional Sources for Industrial Price Indexes 61 Statistics Canada - Catalogue no v

8 Highlights Manufacturers prices were up 1.8% in February following an increase of 0.6% in January. Compared with February, prices fell 2.5%, largely as a result of the effect of the Canadian dollar against the US dollar. Without the dollar s influence, the Industrial Product Price Index (IPPI) would have risen 1.1% rather than falling 2.5% from February. Petroleum product prices still influence the IPPI 12-month % change IPPI IPPI excluding petroleum & coal products F M A M J J A S O N D J F 2004 On a monthly basis, motor vehicles and other transport equipment increased 1.8%, mainly because of the effect of the exchange rate. Lumber and other wood products were up 6.2% from January. Higher prices for softwood lumber and particleboard, resulting from strong demand, were responsible for this increase. Primary metal products rose 4.4% as prices continue to increase for copper, nickel, aluminum, and lead products. Higher prices were also observed for petroleum and coal products (+4.2%), pulp and paper products (+2.1%), as well as meat, fish and dairy products (+1.8%). Higher prices for primary metal products (+7.3%), lumber products (+8.2%), tobacco products (+8.0%), fruit, vegetable and feed products (+1.0%), beverages (+2.8%), as well as furniture and fixtures (+1.9%), partially offset the 12-month decline. Higher crude oil prices continue to push up prices of raw materials On a monthly basis, raw materials prices were up 3.4% from January. Mineral fuels were responsible for about half of the monthly increase in the Raw Materials Price Index (RMPI), with prices rising 2.8%. Crude oil prices rose 3.4% from January as a result of tight supply and increased demand because of colder temperatures. Prices for non-ferrous metals rose 9.1% as strong demand continued for copper, lead, zinc and nickel concentrates. Animals and animal products were up 2.5% with prices for hogs for slaughter increasing 28.4%. Higher prices for vegetable products (+4.1%) and ferrous materials (+7.0%) also contributed to the monthly increase. Manufacturers paid 7.4% less for their raw materials than they did in February, compared with a decrease of 7.1% in January. Mineral fuels were down 14.4% from a year ago with crude oil prices declining 17.2%. If mineral fuels had been excluded, the RMPI would have decreased 0.9%. Crude oil prices continue to influence the RMPI 12-month % change RMPI RMPI excluding mineral fuels On a 12-month basis, February represents the 11th consecutive month of decline in the IPPI. Lower prices continued for motor vehicles and other transport equipment (-8.9%), electrical and communication products (-6.7%), as well as pulp and paper products (-3.5%). These products remain the major contributors to the 12-month decline in the IPPI F M A M J J A S O N D J F 2004 The petroleum and coal products group continued to have a strong influence on the 12-month change in the IPPI with a decrease of 9.5%. If petroleum and coal product prices had been excluded, the IPPI would have declined 1.9% on a 12-month basis. Prices for animals and animal products were down 10.3%, with cattle and calves for slaughter prices declining 32.7% from a year ago. Lower prices for vegetable products (-8.5%) and wood products (-6.1%) also contributed to the 12-month drop in the RMPI. vi Statistics Canada - Catalogue no

9 These decreases were partly offset by higher prices for nonferrous metals (+26.0%), ferrous materials (+11.7%) and nonmetallic minerals (+2.6%). The IPPI (1997=100) stood at in February, up from its revised level of in January. The RMPI (1997=100) was in February up from its revised level of in January. Impact of exchange rate Between January and February, the value of the US dollar strengthened against the Canadian dollar, pushing up prices of commodities that are quoted in US dollars, particularly in the case of motor vehicles, lumber products and pulp and paper products. As a result, the total IPPI excluding the effect of the exchange rate would have risen 1.1% instead of 1.8%. However, on a 12-month basis, the Canadian dollar is much stronger. Consequently, the IPPI excluding the effect of the exchange rate would have increased 1.1% rather than declining 2.5% from February to February Prices for intermediate goods continue to decrease on an annual basis Prices for intermediate goods were up 2.1% from January. Higher prices for lumber products, petroleum and coal products, primary metal products, motor vehicles and pulp and paper products were the major contributors to the increase. Producers of intermediate goods received 0.9% less for their goods in February 2004 than in February. Lower prices for petroleum products, motor vehicles, pulp and paper products, electrical and communication products and chemical products were mainly responsible for the annual decline. These decreases were partly offset by higher prices for primary metal products and lumber products. Intermediate goods, sometimes referred to as input goods, are goods that are generally bought by manufacturers to be further used in the production process (i.e., to make other goods). Finished goods decrease again from a year ago On a monthly basis, prices for finished goods were up 1.3% from January. Higher prices for motor vehicles; petroleum products; meat, fish and dairy products; and electrical and communication products were responsible for this monthly rise. These decreases were partly offset by higher prices for tobacco products; fruit, vegetable and feed products; beverages; chemical products; and furniture and fixtures. Finished goods are those generally purchased for the purpose of either consumption or investment. Most of the products from the food and feed category end up in the hands of consumers. Most capital goods are equipment and machinery generally bought by companies, government agencies, or governments. Much of the remainder are bought by consumers. Note to readers Starting with the January 2004 release, the monthly exchange rate as determined by the Bank of Canada is used to convert prices received in currencies other than the Canadian dollar. Previously, the exchange rate conversion of such prices was carried out using the rate for the 15th of the month. The decision to switch to the monthly rate reflects the fact that the Industrial Product Price Index and Raw Materials Price Index are intended to measure the change in the monthly price for these goods. The monthly exchange rate is a better estimator of the actual exchange rates used in transactions than a point-in-time exchange rate. The estimated impact of this change is small at the total level. The 12-month change is 0.2% more than it would have been had the monthly exchange rate been used to calculate the February index. The Industrial Product Price Index (IPPI) reflects the prices that producers in Canada receive as the goods leave the plant gate. It does not reflect what the consumer pays. Unlike the Consumer Price Index, the IPPI excludes indirect taxes and all the costs that occur between the time a good leaves the plant and the time the final user takes possession of it, including the transportation, wholesale, and retail costs. Canadian producers export many goods. They often quote their prices in foreign currencies, particularly for motor vehicles, pulp, paper, and wood products. Therefore, a rise or fall in the value of the Canadian dollar against its US counterpart affects the IPPI. The Raw Materials Price Index (RMPI) reflects the prices paid by Canadian manufacturers for key raw materials. Many of these prices are set in a world market. Unlike the IPPI, the RMPI includes goods not produced in Canada. Declining prices for motor vehicles, petroleum products, electrical and communication products, machinery and equipment, as well as meat, fish and dairy products pushed the 12-month prices down 4.5% from February. Statistics Canada - Catalogue no vii

10 Text Table I Industrial Product Price Indexes, by Stage of Processing (1997=100), Percentage Change From the Same Month a Year Earlier TOTAL, ALL COMMODITIES INTERMEDIATE GOODS First stage intermediate goods Second stage intermediate goods ALL FINISHED GOODS Finished foods and feeds Capital equipment All other finished goods Note: Indexes for the most recent six months shown are subject to revision. viii Statistics Canada - Catalogue no

11 Text Table II Raw Materials Price Indexes (1997=100), Percentage Change From the Same Month a Year Earlier RAW MATERIALS, TOTAL TOTAL EXCLUDING MINERAL FUELS Vegetable products Animal and animal products Wood Ferrous materials Non-ferrous metals Non-metallic minerals Mineral fuels Note: Indexes for the most recent six months shown are subject to revision. Statistics Canada - Catalogue no ix

12 Statistical Tables Table 1 Summary of Recent Price Movements Indexes Percentage change from February January January November February ALL COMMODITIES Meat, fish and dairy products Fruit, vegetable, feeds and other food products Beverages Tobacco and tobacco products Rubber, leather and plastic fabricated products Textile products Knitted products and clothing Lumber and other wood products Furniture and fixtures Pulp and paper products Printing and publishing Primary metal products Metal fabricated products Machinery and equipment Motor vehicles and other transport equipment Electrical and communication products Non-metallic mineral products Petroleum and coal products Chemicals and chemical products Miscellaneous manufactured products INTERMEDIATE GOODS First stage intermediate goods Second stage intermediate goods ALL FINISHED GOODS Finished foods and feeds Capital equipment All other finished goods ALL MANUFACTURING INDUSTRIES Gross Weighted (NAICS) (1) RAW MATERIALS, TOTAL Total excluding mineral fuels Vegetable products Animal and animal products Wood Ferrous materials Non-ferrous metals Non-metallic minerals Mineral fuels ) The aggregation of indexes by commodities or by industries should produce the same grand total. When these totals occasionally differ due to rounding, the All Commodites Index shall be regarded as authoritive and the All Manufacturing Industries is adjusted to match. Statistics Canada - Catalogue no

13 TOTAL, ALL COMMODITIES v TOTAL, EXCLUDING PETROLEUM AND COAL PRODUCTS v MEAT, FISH AND DAIRY PRODUCTS v Meat products v Primary meat products v Mutton and lamb, fresh or frozen v Fancy meat, fresh or frozen v Chickens, fresh or frozen v Turkeys, fresh or frozen v Beef and veal, fresh or frozen v Beef, carcasses and half carcasses v Ground beef, hamburger v Veal v Pork, fresh or frozen v Pork, fresh or frozen, domestic v Pork, fresh or frozen, export v Meat, cured v Meat cured, hams, smoked v Meat cured, bacon, smoked v Other cured meat v Statistics Canada - Catalogue no

14 Meat preparation and ready cooked meat (canned or not) v Ready cooked meat, bovine and pork v Meat preparation and ready cooked meat, poultry v Sausage and similar products v Other meat preparations and ready cooked meat v Meat preparation and ready cooked meat, canned v Meat by-products v Shortening v Lard v Sausage skins and similar meat casings v Processed tankage, land animal, for feeds v Animal oils and fat, crude, refined, and deodorized v Beef, veal, mutton and pork, fresh or frozen v Animal oils, fats and lard v Poultry, fresh or frozen v Dairy products v Fluid milk products v Cream, fresh v Milk, whole, fluid, processed v Milk, skim, fluid v Statistics Canada - Catalogue no

15 Industrial milk products v Butter v Cheese, other than whole milk v Skim milk, powdered v Ice cream and ice milk v Other dairy products v Cheese, cheddar and processed v Fish products v Primary fish products v Fish, smoked, salted, dried v Molluscs and crustaceans, including preparation, canned v Shellfish, other preparation, fresh or frozen v Fish whole or fillets, sticks, fresh or frozen v Fish fillets, steaks, groundfish and other, domestic v Fish fillets, steaks, groundfish and other, export v Fish frozen, salmon v Fish frozen, other v Fish, canned including fish products v Fish canned, salmon, domestic v Fish canned, other, domestic v Statistics Canada - Catalogue no

16 Fish by-products v Fish canned, domestic v Fish canned, export v Fish canned, salmon v Fish canned, other v FRUIT, VEGETABLE, FEEDS AND OTHER FOOD PRODUCTS v Fruit and vegetable preparations v Fruit preparations v Fruit juices, unfermented, not concentrated v Fruits and berries, canned v Vegetable preparations v Vegetables, dried v Vegetables and preparations canned v Other vegetable preparations, including preserves not canned v Pickles, relishes, other sauces v Other fruit and vegetable preparations v Soups, canned v Precooked food preparations, frozen v Fruits and preparations, canned v Fruits and berries v Statistics Canada - Catalogue no

17 Soups and infant junior foods, canned v Condiments and sauces v Feeds v Oil meals and cakes v Other oil seeds cake and meals v Prepared feeds v Dog and cat feeds v Complete feeds, farm domesticated animals v Complete feeds, dairy and beef cattle v Complete feeds, swine v Complete feeds, poultry v Feed additives and all other feeds v Feeds, grain origin, not elsewhere specified v Micro premixes v Other feed supplements v Flour, wheat, meal and other cereals v Wheat flour v Wheat flour, hard v Wheat flour, soft v Wheat flour, durum v Statistics Canada - Catalogue no

18 Whole wheat and graham flour v Breakfast cereal and bakery products v Prepared cereal foods v Breakfast cereal foods v Prepared cake and similar mixes v Bakery products v Bread and rolls v Other bakery products, packaged v Other bakery products, frozen v Other bakery products, not frozen v Sugar v Miscellaneous food products v Chocolate-based products v Chocolate confectionery v Sugar and other confectionery v Chewing gum v Sugar candy, seasonal novelties, licorice v Coffee and tea preparations v Coffee, roasted or ground v Instant coffee, extracts and preparations v Statistics Canada - Catalogue no

19 Tea, tea bags, tea extracts and preparations v Vegetable oils, crude v Canola oil, crude v Vegetable oils, refined v Margarine v Other vegetable oils and mixtures, deodorized v Grain food preparations for human consumption v Other food products and preparations v Pasta products (macaroni, etcetera) v Fruit, sugar butters and spreads v Other food and beverage preparations v Other confectionery v Coffee, roasted and ground or prepared v Maple sugar and syrup v BEVERAGES v Soft drinks v Non alcoholic beverages, carbonated v Alcoholic beverages v Ale, lager, stout and porter v Alcoholic beverages, fermented, including wines v Statistics Canada - Catalogue no

20 Alcoholic beverages, distilled v Whiskey, domestic v Whiskey, export v Alcoholic beverages, distilled, other v Whiskey, domestic and export v TOBACCO AND TOBACCO PRODUCTS v Tobacco processed, unmanufactured v Cigarettes and tobacco, manufactured v Smoking tobacco v Cigarettes v RUBBER, LEATHER AND PLASTIC FABRICATED PRODUCTS v Tires and tubes v Passenger car tires and tubes, pneumatic v Highway type truck and bus tires and tubes v Off-highway type vehicle tires and tubes v Tires and tubes, other v Other rubber products v Rubber hose, belt and belting v Hose and tubing, rubber and other materials v x x x x x x x x x x x x x x x x x x x x x x x x x x x x x x Rubber heels, boots and shoes v Statistics Canada - Catalogue no