Canada’s Industrial Product Price Index (IPPI) increased by 2pc and its Raw Materials Price Index (RMPI) was up by 5.7pc in January from December 2020, according to Statistics Canada (StatCan).
Under the IPPI, primary non-ferrous metal product prices rose by 1.5pc last month from December 2020. On an annual basis, Canada’s IPPI rose by 4pc, owing to a 23.4pc increase in non-ferrous metal prices, StatCan stated.
As for raw materials, prices of metal ores, concentrates and scrap grew by 2.1pc in January compared to the previous month. The country’s RMPI rose by 6.2pc on an annual basis, supported by a 25.8pc rise in metal ores, concentrates and scrap prices.