Farm Input Price Index, first quarter 2019
The Farm Input Price Index was up 0.2% in the first quarter.
Price increases for crop production (+2.2%) and general business costs (+1.0%) were mostly offset, primarily by decreases for animal production (-1.1%) and machinery and motor vehicles (-0.6%).
Higher prices for fertilizers (+2.8%) and commercial seed and plant (+3.1%) inputs drove the increase in the crop production index.
The decline in prices for animal production was mainly due to price decreases for livestock purchases (-3.6%). Ample supplies of hogs and cattle in North America drove down livestock prices.
Year over year, the farm input price index rose 3.2%, largely due to price increases for crop production (+4.9%) and general business costs (+5.3%).
Compared with the first quarter of 2018, the index rose in all provinces, with Alberta (+3.0%) and Saskatchewan (+4.5%) contributing the most to the year-over-year increase.
Note to readers
The Farm Input Price Index is an indicator of the change in input costs faced by Canadian farmers. The indexes are not seasonally adjusted.
The indexes are available for 13 geographic areas: each of the 10 provinces, Eastern Canada (Newfoundland and Labrador, Prince Edward Island, Nova Scotia, New Brunswick, Quebec and Ontario), Western Canada (Manitoba, Saskatchewan, Alberta and British Columbia) and Canada total (excluding the territories).
The Farm Input Price Index is subject to an eight-quarter revision period after dissemination of a given quarter's data.
A video entitled "Producer Price Indexes" is available on the Statistics Canada Training Institute webpage. It provides an introduction to Statistics Canada's Producer Price Indexes—what they are, how they are made and what they are used for.
A Historical Timeline of Canadian Producer Price Statistics
"A Historical Timeline of Canadian Producer Price Statistics," which is part of the Prices Analytical Series (), was created to showcase the key milestones in the history of Canadian producer price statistics. This historical timeline contains answers to questions such as: Who collected Canada's first statistics? What do Canadian producer price indexes measure? 62F0014M
Infographic: Producer Price Indexes at a Glance
The infographic "Producer Price Indexes at a Glance," which is part of Statistics Canada — Infographics (), demonstrates how producer price indexes for goods and services are calculated and why they are important for the Canadian economy. 11-627-M
For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; STATCAN.infostats-infostats.STATCAN@canada.ca) or Media Relations (613-951-4636; STATCAN.mediahotline-ligneinfomedias.STATCAN@canada.ca).
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