Canada’s Industrial Products Price Index Increases for Fourth Consecutive Month in August

Statistics Canada reported on Friday (9/11) that Canada’s Industrial Product Price Index (IPPI) edge up 0.1% on month-over-month basis in August. Marking the fourth consecutive month of growth of the IPPI. If energy and petroleum products are excluded, the IPPI rose by 0.3%. Most of the growth was in the pricing for primary non-ferrous metal products, while lumber contributed 1.1% on higher softwood lumber prices.