Statistic Canada (StatsCan) today (10-15-21) released their flash estimates for the Industrial Product Price Index (IPPI) for September. The IPPI increased 1.0% month-over-month in September and was up 15.0% year-over-year.
The month-over-month increase in IPPI was led higher by 3.3% increase in energy and petroleum. A similar 3.3% increase was reported in fabricated metal products and construction materials. Chemicals and chemical products followed closely with a 2.9% increase.
Helping to moderate the monthly increase in the IPPI, the Prices for lumber and other wood products fell -2.5%. Prices for this commodity group have been declining for four consecutive months. The decrease was mostly due to lower prices for softwood lumber (-2.5%).
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Industrial Product Price Index: Flash estimates, September 2021