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Industrial product and raw materials price indexes, April 2023
Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), fell 0.2% month over month in April, and were 3.5% lower than April 2022. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), rose 2.9% on a monthly basis in April 2023 and fell 10.8% year over year. In April, the IPPI fell 0.2% month over month and decreased 3.5% on a year-over-year basis. Prices for energy and petroleum products fell 2.1% in April compared with March 2023, a third consecutive monthly decline. Compared with April 2022, prices ... (full story)