-
Industrial product and raw materials price indexes, December 2020
Prices for products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), were up 1.5% in December, led by higher prices for energy and petroleum products, and lumber and other wood products. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), rose 3.5%, driven upward by higher prices for crude energy products. The IPPI rose 1.5% in December, following a 0.5% decrease in November. This was the strongest monthly gain since November 2017 (+1.6%). Of the 21 major commodity groups, 11 were up and 10 were down. The IPPI's ... (full story)