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Industrial product and raw materials price indexes, November 2021
The price of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), increased 0.8% month over month in November and 18.1% compared with the same period in 2020. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), fell 1.0% month over month in November, and were up 36.2% year over year. In November, the IPPI was up by 0.8% on a monthly basis, and 18.1% year over year. Prices for ammonia and chemical fertilizers rose 10.5% compared with October 2021, a seventh consecutive monthly increase. This put prices 132.7% ... (full story)