Canada January producer prices up 0.4% on petroleum, primary metals
FILE PHOTO: A worker assembles bullet fairings for the Global 7500 aircraft at Bombardier Saint-Laurent Manufacturing Centre in Montreal, Quebec, Canada November 22, 2021. REUTERS/Christinne Muschi
Producer prices in Canada rose by 0.4% in January from December on higher prices for refined petroleum energy products, as well as primary non-ferrous metal products, Statistics Canada said on Friday.
The increase followed an upwardly revised 0.9% decrease December. Raw materials prices were down 0.1% in January, and were up 1.2% on the year.
INDUSTRIAL PRODUCT PRICES (pct change)
Month-on-month Year-on-year
Jan Dec(rev) Dec(prev) Jan Dec(rev) Dec(prev)
total +0.4 -0.9 -1.1 +5.4 +7.7 +7.6
ex energy/petrol +0.4 +0.5 +0.2 +3.6 +5.1 +4.9
RAW MATERIALS PRICE INDEX (pct change)
Month-on-month Year-on-year
Jan Dec(rev) Dec(prev) Jan Dec(rev) Dec(prev)
total -0.1 -2.8 -3.1 +1.2 +8.1 +7.5
ex crude energy +0.9 +1.5 +1.5 +0.8 +0.9 +0.6
NOTE: Analysts surveyed by Reuters forecast a 0.1% decrease in producer prices in January from December.
