- Analytics
- News and Tools
- Market News
- Canadian industrial product and raw materials price indexes increased in February
Canadian industrial product and raw materials price indexes increased in February
Statistics Canada released its industrial product and raw materials price indexes on Monday. The Industrial Product Price Index (IPPI) rose 1.8% in February, beating forecasts for a 0.6% gain, after a 0.3% decrease in January. January's figure was revised up from a 0.4% decline.
It was the first increase since August 2014. The increase was driven by higher prices for energy and petroleum products.
Energy and petroleum products soared 8.8% in February, the first rise since June 2014 and the largest increase since June 2009.
The Raw Materials Price Index (RMPI) jumped 6.1% in February, exceeding expectations for a 5.1% rise, after a 7.8% drop in January. January's figure was revised down from a 7.7% decrease.
It was the first gain since June 2014.
The rise was driven by higher prices for crude energy products. Crude energy products jumped 16.0% in February, the largest rise since March 2009.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
