Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), increased 2.4% month over month in March and gained 7.8% year over year. Meanwhile, prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased by 12.0% month over month and rose 23.6% year over year. The IPPI increased 2.4% month over month in March, following a 0.6% increase in the previous month. The closure of the Strait of Hormuz, an important global shipping lane for petroleum and other products, was the main event impacting price ... (full story)