Canada Feb. Industrial Product and Raw Materials Prices

Bloomberg reports in February, the Industrial Product Price Index (IPPI) increased 0.7% and the Raw Materials Price Index (RMPI) rose 1.8%. Both indexes have been on an upward trend since mid-2010.

The article is quoted as saying,

In February, prices for primary metal products continued their growth, supported by higher demand and limited production. All primary metal products sub-groups were up, particularly “other non-ferrous metals” (+4.7%), nickel products (+8.7%) and copper and copper alloys (+2.1%). The other non-ferrous metals group was pushed upward largely by precious metal basic manufactured products (+11.7%) and by silver and platinum (+6.9%).

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