Farm Input Price Index, fourth quarter 2017
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Released: 2018-04-17
The Farm Input Price Index was up 1.6% in the fourth quarter of 2017.
This increase was attributable to higher prices for machinery and motor vehicles (+2.6%), due to higher machinery fuel prices (+14.6%), specifically diesel (+20.7%).
Crop (+1.8%) and animal (+0.9%) production added to the increase of the index.
The index rose in every province except Quebec (-0.6%) in the fourth quarter. Alberta (+2.6%) and Saskatchewan (+2.1%) contributed the most to the national increase.
Year over year, farm input prices rose 3.6% at the Canada level as a result of increased prices for animal production (+5.3%).
Compared with the fourth quarter of 2016, the index was up in nine provinces, with Alberta (+6.4%) 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.
Infographic: Producer Price Indexes at a Glance
The infographic, "Producer Price Indexes at a Glance," which is part of Statistics Canada — Infographics (11-627-M), is now available. This infographic demonstrates how producer price indexes for goods and services are calculated and why they are important for the Canadian economy.
Contact information
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