Canadian price indexes for manufactured goods declined slightly in January, while the index for raw materials rose 1.4%. The strong downward movement registered by these two indexes during the previous two months halted in January, with petroleum prices strengthening on world markets.
The Industrial Product Price Index (IPPI) decreased 0.1% in January, stabilizing after declines of 2.8% in November and 2.1% in December. Prices for petroleum and coal products increased 1.6%, after registering five substantial monthly declines in a row.
Excluding petroleum and coal products, the IPPI fell 0.2%, a third monthly decrease following declines of 0.6% in November and 0.4% in December. Of the 20 major groups, 12 posted a price decrease, …
Canadian Price Indexes Halt Rapid Declines in January
Canadian price indexes for manufactured goods declined slightly in January, while the index for raw materials rose 1.4%. The strong downward movement registered by these two indexes during the previous two months halted in January, with petroleum prices strengthening on world markets.
The Industrial Product Price Index (IPPI) decreased 0.1% in January, stabilizing after declines of 2.8% in November and 2.1% in December. Prices for petroleum and coal products increased 1.6%, after registering five substantial monthly declines in a row.
Excluding petroleum and coal products, the IPPI fell 0.2%, a third monthly decrease following declines of 0.6% in November and 0.4% in December. Of the 20 major groups, 12 posted a price decrease, …
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