Industrial product and raw materials price indexes, December 2023

From statcan.gc.ca

Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), fell 1.5% month over month in December and were 2.7% lower than December 2022. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), declined 4.9% on a monthly basis in December 2023 and decreased 7.9% year over year. The IPPI fell 1.5% month over month in December. This was the third consecutive monthly decrease and the largest decline since August 2022 (-1.5%). Excluding energy and petroleum products, the IPPI declined 0.6% in December 2023.