Canada's industrial price index rises in December


OTTAWA, Jan. 13 (Xinhua) -- Canada's Industrial Product Price Index (IPPI) rose 1.4 percent in December 2020 after two months of decline, according to Statistics Canada on Wednesday.

Excluding energy and petroleum products, the IPPI was up 0.9 percent in the month.

The IPPI increase in December was mainly due to higher prices for lumber and other wood products which jumped 10.8 percent, particularly softwood lumber that soared 21.7 percent.

The prices for energy and petroleum products increased 7.9 percent in December, also contributed significantly to the increase in the IPPI, particularly refined petroleum energy products such as diesel and biodiesel fuels and motor gasoline.

The prices for primary non-ferrous metal products rose 3.1 percent also supported the IPPI's growth, mainly because of higher prices for unwrought aluminum and aluminum alloys and unwrought copper and copper alloys.

However, the prices for meat, fish and dairy products fell 3.4 percent in December, led mainly by decreased prices for fresh and frozen beef and veal, as well as for fresh and frozen pork.

Year over year, the IPPI rose 1.5 percent. Excluding energy and petroleum products, the IPPI increased 4.4 percent year over year.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In World

Kremlin says Putin ready for dialogue if U.S. willing
EU says it will make vaccine companies respect supply contracts - Michel
Pirates kidnap 15 sailors in attack on Turkish container ship off Nigeria
New Zealand probes first 'probable' community COVID-19 case in months
India to give homegrown vaccine in seven more states this week
Turkey hopes Mediterranean talks can calm choppy waters with EU
Ambani’s Reliance Jio is doubling down to roll out 5G in 2021
Dutch police arrest alleged Asian drug syndicate kingpin
Australia has eye on vaccination drive even though coronavirus under control
Bernie Sanders’ mitten maker marvels over 15 minutes of fame

Stories You'll Enjoy