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Industrial product and raw materials price indexes, July 2023
In July, prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), increased 0.4% month over month and fell 2.7% year over year. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased 3.5% on a monthly basis in July and were 11.1% lower compared with July 2022. The IPPI increased 0.4% month over month in July 2023, following three months of consecutive declines, and fell 2.7% year over year. Prices for energy and petroleum products rose 4.1% month over month, a second consecutive monthly ... (full story)