Source: Statistics Canada
In November, prices in Canada for manufactured products and raw materials were pushed up by surging petroleum prices.
From October to November, prices charged by manufacturers, as measured by the Industrial Product Price Index (IPPI), rose 0.6%, a marginal increase after six consecutive monthly declines. The rise in the index was caused almost exclusively by surging prices for petroleum and coal products.
On a 12-month basis, the IPPI declined 0.6%, continuing the downward trend. Declines in the prices for motor vehicles and other transport equipment, primary metal products and pulp and paper products were tempered by the steep increase in the prices for petroleum and coal products.
The exchange rate, …
