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Industrial product and raw materials price indexes, June 2023
Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), decreased 0.6% month over month in June and fell 5.5% year over year. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), declined 1.5% on a monthly basis in June and were 19.7% lower compared with June 2022.The IPPI fell 0.6% month over month in June, a third consecutive monthly decrease. Excluding energy and petroleum products, the IPPI fell 0.9%. Prices for primary non-ferrous metal products fell 3.7%, leading the monthly decrease in the IPPI. ... (full story)