LITTLE MOVEMENT IN FARM INPUT PRICE INDEX – STATSCAN

on April 14 | in Tek Talk | by | with No Comments

From Statistics Canada, the Daily.

The Farm Input Price Index edged up 0.1% in the fourth quarter.

Animal production was up 1.7%, mainly because of higher prices for cattle (+9.8%).

Machinery and motor vehicles (-3.0%) partly offset the increase, with lower prices for machinery fuel (-9.6%).

The index rose in four provinces, with British Columbia (+2.4%) and Alberta (+2.0%) posting the largest gains.

At the Canada level, farm input prices rose 6.9% between the fourth quarter of 2013 and the fourth quarter of 2014.

The year-over-year increase was largely attributable to animal production (+19.2%).

Compared with the fourth quarter of 2013, the index was up in every province except Prince Edward Island. Alberta (+13.8%) led the year-over-year increase.

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