Industrial product and raw resource price indexes observed in Canada in April
(MENAFN) Monday, May. 31 Statistics Canada reported that the prices of products manufactured in Canada, as calculated by the Industrial Product Price Index (IPPI), increased 1.6% month over month in April.
April saw the IPPI’s fifth consecutive month-over-month increase. Excluding energy and petroleum production, the IPPI climbed 1.8%. Of the 21 major commodity groups, 18 soared and three declined.
Year over year, the IPPI jumped 14.3%, its ninth consecutive increase. Prices for energy and petroleum products, which climbed 78.4 percent, led the increase.
Meanwhile, the prices of raw resources purchased by manufacturers working in Canada, as calculated by the Raw Materials Price Index (RMPI), climbed 1% on a month-to-month basis in April and 56.4% compared to last April. year.
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