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Bloomberg reports that in March, the Industrial Product Price Index (IPPI) rose 0.9% and the Raw Materials Price Index (RMPI) grew a substantial 5.7%.
Bloomberg reports that in March, the Industrial Product Price Index (IPPI) rose 0.9% and the Raw Materials Price Index (RMPI) grew a substantial 5.7%.
The market news is quoted as saying,
After contributing to the increase in the IPPI during the previous eight months, prices for primary metal products declined 0.3% in March. Copper and copper alloy products and nickel products, which both decreased 5.8%, made strong contributions to the decline in primary metal prices. Reduced production in Asia had a significant impact on demand for metals. However, the decline in these primary metals was moderated by higher prices for precious metals, which continued to rise in March.