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Canadian Industrial Price Index Unchanged in November
January 4, 2007
Prices for manufactured goods in Canada remained unchanged for a second consecutive month in November, while prices for raw materials increased after three months of significant declines.   ; Prices charged by manufacturers, as measured by the Industrial Product Price Index (IPPI), were unchanged from October to November, as downward pressure from declining petroleum prices eased. Lower prices for primary metal products and petroleum products were offset by higher prices for chemical products, fruit, vegetables and feed products and pulp and paper products.   ; The 12-month change in the IPPI was up  ; 1.9%, a higher rate of growth compared to the year-over-year increase of  ; 1.2% in October. Upward pressure came mainly from higher prices for primary metal products, pulp and paper products as well as fruit, vegetable and feed products.   ; The Raw Materials Price Index (RMPI) was up  ; 0.9% from October to November, following thr goods were up  ; 0.1% from October. Higher prices for petroleum products, chemical products, electrical and communication products and fruit, vegetable and feed products were almost offset by lower prices for metal fabricated products and meat, fish and dairy products.   ; Compared with November  ; 2005, prices for finished goods declined by  ; 0.6%. Lower prices were registered for motor vehicles, petroleum products as well as machinery and equipment.   ; These decreases were partly offset by higher prices for tobacco products, fruit, vegetables and feed products, meat, fish and dairy products, chemical products, furniture and fixtures as well as beverages.