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- Canadian industrial product and raw materials price indexes are mixed in March
Canadian industrial product and raw materials price indexes are mixed in March
Statistics Canada released its industrial product and raw materials price indexes on Wednesday. The Industrial Product Price Index (IPPI) rose 0.3% in March, after a 1.8% increase in February. January's figure was revised up from a 0.4% decline.
The increase was driven by higher prices for energy and petroleum products. Energy and petroleum products gained 1.8% in March.
11 of the 21 commodity groups rose, 7 decreased and 3 were unchanged.
The Raw Materials Price Index (RMPI) fell 0.9% in March, missing expectations for a 4.5% rise, after a 5.9% gain in February. February's figure was revised down from a 6.1% increase.
The decline was driven by lower prices for crude energy products. Crude energy products were down 2.8% in March.
4 of the 6 commodity groups rose, 1 decreased and 1 were unchanged.
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