Canada’s Industrial Product Price Index rose 0.6 per cent in June, mainly due to higher prices for energy and petroleum products. The Raw Materials Price Index increased 1.8 per cent, according to Statistics Canada Friday.
Producer Price Index, Canada
The Industrial Product Price Index (IPPI) rose 0.6 per cent in June, mainly due to higher prices for energy and petroleum products. The Raw Materials Price In- dex (RMPI) increased 1.8 per cent, ac– cording to Statistics Canada Friday.
The IPPI advanced 0.6 per cent in June, after gaining 1.2 per cent in May. Of the 21 major commodity groups, 14 were up, 4 were down and 3 were unchanged.
The RMPI rose 1.8 per cent in June, after rising 7 per cent in May. Of the six major commodity groups, four were up and two were down.
The gain in the RMPI was mainly attributable to higher prices for crude energy products (+3.5 per cent). The RMPI excluding crude energy products rose 0.6 per cent in June.