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    29.01.2016 13:42 Canadian industrial product and raw materials prices decline in December

    Statistics Canada released its industrial product and raw materials price indexes on Friday. The Industrial Product Price Index (IPPI) fell 0.2% in December, beating forecasts for a 0.3% drop, after a 0.3% decline in November. November's figure was revised down from 0.2% decrease.

     

    The decrease was mainly driven by lower prices for energy and petroleum products, which slid 5.4% in December.

     

    16 of the 21 commodity groups increased and 5 declined.

     

    The Raw Materials Price Index (RMPI) dropped 5.0% in December, after a 4.1% fall in November. November's figure was revised down from a 4.0% decline.

     

    The drop was driven by lower prices for crude energy products. Crude energy products plunged by 11.9% in December.

     

    3 of the 6 commodity groups rose and 3 decreased.


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