Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 0.7% on a monthly basis in February and fell 1.7% relative to February 2023. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased 2.1% month over month in February 2024 and decreased 4.7% year over year. The IPPI rose 0.7% month over month in February, following four months of consecutive declines. This increase was driven by higher prices for energy and petroleum products. Excluding energy and petroleum products, the IPPI edged up ... (full story)