“Prices for products manufactured in Canada rose 0.3% in February, mainly due to higher prices for energy and petroleum products,” Statistics Canada reported on Friday.
Key takeaways from the press release
- Prices for raw materials purchased by manufacturers operating in Canada increased 4.6%, primarily due to higher prices for crude energy products.
- The increase in the RMPI in February was primarily due to higher prices for crude energy products (+9.3%).
- From January to February, the Canadian dollar appreciated 0.7% relative to the US dollar.
- If the exchange rate had remained constant, the IPPI would have increased 0.5% instead of 0.3%.
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