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05.01.2016 13:40 Canadian industrial product and raw materials prices decline in November

Statistics Canada released its industrial product and raw materials price indexes on Tuesday. The Industrial Product Price Index (IPPI) fell 0.2% in November, after a 0.5% decline in October.

The decrease was mainly driven lower prices for primary non-ferrous metal products, which slid 3.5% in November.

11 of the 21 commodity groups increased, 8 declined and 2 was unchanged.

The Raw Materials Price Index (RMPI) dropped 4.0% in November, after a flat reading in October. October's figure was revised down from a 0.4% rise.

The drop was driven by lower prices for crude energy products. Crude energy products fell by 5.7% in November.

2 of the 6 commodity groups rose and 4 decreased.



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