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Industrial product and raw materials price indexes, September 2023
Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 0.4% month over month in September and increased 0.6% year over year. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased 3.5% on a monthly basis in September and rose 2.4% year over year. The IPPI rose 0.4% month over month in September, following a 1.9% month-over-month increase in August. Prices for energy and petroleum products rose 3.7% month over month in September, leading the increase in the IPPI. Price movements of refined ... (full story)