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Wholesale Services Price Index

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Second quarter 2009

First-ever data are now available from the new Wholesale Services Price Index.

The purpose of this survey is to collect and compile data to measure movements in the price of wholesale services. These data are combined to estimate a price index for the wholesale services sector. This index can be joined with other business service indexes to provide better estimates of real output and productivity and to monitor inflation.

The Wholesale Services Price Index increased 4.4% in the second quarter of 2009, compared with a 1.1% advance in the first quarter, marking the sixth consecutive quarterly increase.

Services Producer Price Index: Wholesale services

The largest increases in wholesale margins were 15.9% for petroleum product wholesalers and 8.2% for miscellaneous product wholesalers. Within the miscellaneous products sector, this gain was attributable to a 23.6% advance among wholesalers of agricultural supplies.

Wholesalers of personal and household goods posted the smallest margin increases (+0.4%), largely stemming from a decline in margins among textile, clothing and footwear wholesalers (-4.6%).

Year-over-year, the Wholesale Services Price Index was up 7.7% in the second quarter of 2009 compared with the second quarter of 2008.

With this release, data are also available from January 2006. Over the three-year period, from January 1, 2006 to December 31, 2008, the Wholesale Services Price Index advanced 16.0%.

Note: The Wholesale Services Price Index is part of the Services Producer Price Index program at Statistics Canada. The Wholesale Services Price Index is not a wholesale selling price index. The Index represents the change in the price of the wholesale service. The price of the wholesale service is defined as the margin price which is the difference between the average purchase price and the average selling price of the wholesale product being priced.

Available on CANSIM: table 332-0002.

Definitions, data sources and methods: survey number 5106.

For more information, or to enquire about the concepts, methods or data quality of this release, contact Client Services (613-951-3902; toll-free 1-866-230-2248; fax: 613-951-3117, prices-prix@statcan.gc.ca), Producer Prices Division.

Table 1

Services Producer Price Index: Wholesale services
  Relative Importance1 First quarter 2009 Second quarter 2009p First quarter to second quarter 2009 Second quarter 2008 to second quarter 2009
  (2006=100) % change
Services Producer Price Index: Wholesale Services 100.00 117.1 122.3 4.4 7.7
Farm products 1.86 181.7 192.5 5.9 29.7
Petroleum products 5.20 157.7 182.7 15.9 33.7
Food, beverage and tobacco 13.57 99.2 105.4 6.3 4.4
Personal and household goods 16.60 101.4 101.8 0.4 -1.4
Motor vehicles and parts 9.59 114.9 118.8 3.4 11.1
Building material and supplies 15.22 113.4 115.3 1.7 0.5
Machinery, equipment and supplies 23.21 123.6 126.9 2.7 7.4
Miscellaneous 11.54 123.9 134.1 8.2 10.4
preliminary
The relative importance is based on the weight that each 3-digit North American Industrial Classification System contributes to the overall Wholesale Services Price Index. The total does not equal 100 as the Wholesale Agents and Brokers group was not priced and data are imputed.