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Industrial product and raw materials price indexes, August 2023
Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 1.3% month over month in August and fell 0.5% year over year. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased 3.0% on a monthly basis in August and posted a 4.3% year-over-year decline. The IPPI rose 1.3% month over month in August. This was the first monthly increase in the IPPI since October 2022 (+2.3%). Year over year, the IPPI was down 0.5% in August 2023. Higher prices for refined petroleum energy products (+10.6%) led ... (full story)