Canada: Industrial Product Price Index (IPPI) rose 0.1% in September following August's 0.5% decline

"Prices of products sold by Canadian manufacturers, as measured by the Industrial Product Price Index (IPPI), edged up 0.1% in September," Statistics Canada announced today.

Key highlights from the press release

• Higher prices for chemicals and chemical products and energy and petroleum products were largely offset by lower prices for primary non-ferrous metal products.
• Prices for raw materials purchased by Canadian manufacturers, as measured by the Raw Materials Price Index (RMPI), decreased 0.9%, primarily due to lower prices for crude energy products.
• Compared with the same month a year earlier, the IPPI rose 6.2% in September, following a 5.7% increase in August.
• The RMPI rose 14.6% over the 12-month period ending in September, following a 15.4% increase in August.