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“Prices of products sold by Canadian manufacturers, as measured by the Industrial Product Price Index (IPPI), edged up 0.1% in September,” Statistics Canada announced today.

Key highlights from the press release

  • Higher prices for chemicals and chemical products and energy and petroleum products were largely offset by lower prices for primary non-ferrous metal products.
  • Prices for raw materials purchased by Canadian manufacturers, as measured by the Raw Materials Price Index (RMPI), decreased 0.9%, primarily due to lower prices for crude energy products.
  • Compared with the same month a year earlier, the IPPI rose 6.2% in September, following a 5.7% increase in August.
  • The RMPI rose 14.6% over the 12-month period ending in September, following a 15.4% increase in August.