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Industrial product and raw materials price indexes, February 2023
Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), declined 0.8% month over month in February and rose 1.4% year over year. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), decreased 0.4% on a monthly basis in February and were down 5.2% year over year. The IPPI declined 0.8% month over month in February, following a 0.3% increase in January. Year over year, the IPPI was up 1.4%. Prices for energy and petroleum products fell 5.8% on a monthly basis in February. Prices decreased for diesel ... (full story)