Canada: The Industrial Product Price Index (IPPI) rose 0.8% in March

Eren Sengezer FXStreet

The Industrial Product Price Index rose 0.8% in March, mainly due to higher prices for motorized and recreational vehicles and primary non-ferrous metal products, said Statistics Canada on Thursday. The Raw Materials Price Index decreased 1.6%, primarily due to lower prices for crude energy products.

The IPPI (+0.8%) increased for a seventh consecutive month in March, following a 0.3% gain in February. This was the largest increase since June 2016. Of the 21 major commodity groups, 20 were up and 1 was down.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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