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Farm Input Price Index Flat For Second Quarter – StatsCan

on October 23 | in Ag News | by | with No Comments

The Farm Input Price Index was unchanged in the second quarter, following a 0.8% increase in the first quarter.

General business costs (+0.8%) put upward pressure on the index while machinery and motor vehicles (-0.5%) put downward pressure on the index.

The index increased in all four western provinces and in Quebec. Saskatchewan (+0.6%) and Alberta (+0.4%) put upward pressure on the index, which was partly counterbalanced by a decline in Ontario (-1.2%).

Nationally, farm input prices increased 0.8% between the second quarter of 2012 and the second quarter of 2013.

General business costs (+4.4%) contributed the most to the year-over-year price movement.

The index increased in eight provinces between the second quarter of 2012 and the second quarter of 2013. The largest contributions to the increase were in Quebec (+2.5%) and British Columbia (+3.4%).

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