The Daily — Wholesale Services Price Index, third quarter 2012

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The Wholesale Services Price Index (WSPI) was up 0.9% in the third quarter. This was the third consecutive quarter-over-quarter increase for the WSPI.

Wholesalers of petroleum products (+5.6%) recorded the largest margin increase in the third quarter. Wholesalers of farm products (+3.3%), machinery, equipment and supplies wholesalers (+2.6%), food, beverage and tobacco wholesalers (+1.4%) and wholesalers of motor vehicles and parts (+0.2%) also contributed to the advance of the WSPI in the third quarter.

Declines registered by wholesalers of personal and household goods (-1.3%), miscellaneous wholesalers (-1.0%) and wholesalers of building material and supplies (-0.3%) in the third quarter moderated the upward movement of the WSPI.

Year over year, the WSPI increased 2.1% in the third quarter, with four of the eight wholesale sectors recording margin increases. The largest year-over-year margin increases were posted by wholesalers of farm products (+28.7%), food, beverage and tobacco (+5.0%), machinery, equipment and supplies (+4.6%) and motor vehicles and parts (+2.8%). The rise in margins for farm wholesalers was largely the result of year-over-year gains in commodity prices for wheat, canola and soybeans.

While margins for wholesalers of petroleum products rose from the second to the third quarter, year-over-year they continued to decline (-6.6%). Wholesalers of building materials and supplies (-1.6%), miscellaneous wholesalers (-1.0%) and wholesalers of personal and household goods (-0.4%) also reported decreasing margins in the third quarter. Year over year, this was the eight consecutive quarter of margin decreases reported by wholesalers of building materials and supplies.

Chart 1 
Wholesale Services Price Index
Chart 1: Wholesale Services Price Index

Chart description: Wholesale Services Price Index

CSV version of chart 1

Note to readers

The Wholesale Services Price Index (WSPI) 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. The WSPI is not a wholesale selling price index.

With each release, data for the previous quarter may have been revised. The series are also subject to an annual revision with the release of second quarter data of the following reference year. The indexes are not seasonally adjusted.

Available in CANSIM: tables CANSIM table332-0006 and CANSIM table332-0008.

Definitions, data sources and methods: survey number survey number5106.

The Wholesale Services Prices Index for the fourth quarter will be released in May.

For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; infostats@statcan.gc.ca) or Media Relations (613-951-4636; statcan.mediahotline-ligneinfomedias.statcan@canada.ca).