Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 2.0% month over month in April and increased 11.4% year over year. Meanwhile, prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), gained 2.6% month over month and rose 31.6% year over year. The IPPI rose 2.0% month over month in April, the fourth consecutive monthly increase for the index. Disruptions to shipping in the Strait of Hormuz, an important global shipping lane for petroleum and other products, exerted significant upward pressure ... (full story)