Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose by 1.7% month over month in May and by 15.0% compared with May 2021. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased 2.5% on a monthly basis in May and posted a 37.4% year-over-year increase. In May, the IPPI rose 1.7% month over month and was 15.0% higher than in May 2021. Higher prices for energy and petroleum products (+10.7%) led the gain in the IPPI's monthly increase. This commodity group has been rising since January ... (full story)