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Industrial Price Trends Data
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About
This dataset provides a detailed analysis of the Industrial Product Price Index (IPPI) in Canada. It offers insights into the pricing dynamics of various industrial products, aggregated to national and sectoral levels. The data helps in understanding historical pricing trends, significant economic shifts, and ongoing market dynamics across sectors such as agriculture, manufacturing, and food processing.
Columns
- REF_DATE: The reference date for the data, indicating the month and year of the recorded information. The data ranges from 1 January 1956 to 1 October 2024.
- GEO: The geographical area for which the data is reported, which is consistently Canada.
- DGUID: The Data Guideline Unique Identifier, a unique code assigned to each data entry for tracking purposes.
- North American Product Classification System (NAPCS): The classification system used to categorise the industrial products, with 394 unique values, the most common being "Total, Industrial product price index (IPPI)".
- UOM: The Unit of Measurement for the data values. The most common unit is Index, 202001=100.
- UOM_ID: The unique identifier for the Unit of Measurement.
- SCALAR_FACTOR: The scalar factor used to scale the data values for better readability, typically "units".
- SCALAR_ID: The unique identifier for the scalar factor.
- VECTOR: The vector identifier for the data point, used for internal data organisation.
- COORDINATE: The coordinate identifier for the data point, used for internal data organisation.
- VALUE: The actual data value for the specified metric, ranging from 3.4 to 447.
- STATUS: The status of the data point, indicating whether it is an estimate, actual, or other status.
- SYMBOL: Any symbols associated with the data point, typically used for special indicators.
- TERMINATED: Indicates whether the data series has been terminated.
- DECIMALS: The number of decimal places used in the data value, consistently 1.
Distribution
The dataset is provided in a CSV format (
raw_ippi_1956_2024.csv) and has a size of 19.08 MB. It contains approximately 117,000 valid records organised in a tabular structure.Usage
This dataset is ideal for:
- Analysing industrial product pricing trends over time.
- Gaining insights into economic shifts and their impact on various industrial sectors.
- Studying specific sectoral pricing dynamics, such as those for Fresh and frozen beef and veal, Fresh and frozen pork, Fresh and frozen lamb, mutton and goat meat, and Complete cattle feed.
- Supporting economic research and business strategy development.
Coverage
- Geographic Scope: The data covers Canada.
- Time Range: The dataset spans from January 1956 to the present (with data up to October 2024).
- Reporting Periods:
- January 1956 – December 1999: Historical data reflecting early industrial pricing trends.
- January 2000 – December 2020: Data reported during a standardised reporting period, capturing significant economic changes.
- January 2021 – Present: Current data reflecting ongoing market dynamics and recent economic impacts.
- Data Content: It includes the Total IPPI and detailed metrics for various industrial sectors.
License
CC0: Public Domain
Who Can Use It
- Economists and Researchers: To study historical and current industrial pricing trends and their macroeconomic implications.
- Businesses and Analysts: For market analysis, strategic planning, and understanding pricing dynamics within their respective sectors.
- Students: As a source of real-world economic data for academic projects and studies.
- Policymakers: For informing economic policy and understanding industrial sector performance.
Dataset Name Suggestions
- Canadian Industrial Product Price Index (IPPI)
- Canada Industrial Product Prices (1956-Present)
- Canadian Sectoral Industrial Prices
- Canada Industrial Price Trends Data
Attributes
Original Data Source: Industrial Price Trends Data
QUALITY