Canada’s Industrial Product Price Index (IPPI) increased by 1.5pc and its Raw Material Price Index (RMPI) was up by 3.5pc in December compared to the previous month, according to Statistics Canada (StatCan).
On an annual basis, the country’s IPPI increased by 1.8pc while its RMPI fell by 0.7pc in December. Under the IPPI, primary non-ferrous prices grew by 3.1pc in December compared to 0.6pc in November, while the prices for unwrought aluminum and aluminum alloys rose by 8.1pc, and copper and copper alloys increased 7.6pc during the same period.
Under the RMPI, metal ores and concentrates saw a 1pc rise in prices in December. Under this, iron ore and concentrate prices increased by 22.4pc. Waste and scrap metal prices grew by 3.6pc while copper ores and concentrates increased by 9.2pc in December compared to the previous month, StatCan reported.