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    29.02.2016 13:44 Canadian industrial product prices rise 0.5% in January

    Statistics Canada released its industrial product and raw materials price indexes on Monday. The Industrial Product Price Index (IPPI) climbed 0.5% in January, after a 0.3% decline in December. December's figure was revised down from 0.2% decrease.


    The increase was mainly driven by higher prices for motorized and recreational vehicles, which rose 2.7% in January.


    18 of the 21 commodity groups increased and 3 declined.


    The Raw Materials Price Index (RMPI) dropped 0.4% in January, after a 5.2% fall in December. December's figure was revised down from a 5.0% decline.


    The drop was driven by lower prices for crude energy products. Crude energy products plunged by 4.2% in January.


    4 of the 6 commodity groups rose and 2 decreased.

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