-
Industrial product and raw materials price indexes, November 2023
Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), fell 0.4% month over month in November and were 2.3% lower than in November 2022. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), decreased 4.2% on a monthly basis in November and fell 4.6% year over year. The IPPI declined 0.4% month over month in November, following a 0.9% decrease in October. Prices for energy and petroleum products (-2.3%), which fell for a second consecutive month in November, led the monthly decrease in the IPPI. Lower ... (full story)