Canada’s Industrial Price Index (IPPI) rose by 10pc in March this year annually and was up by 1.6pc from February, according to Statistics Canada (StatCan).
The country’s Raw Material Price Index grew by 34.7pc in March compared to March last year while it was up by 2.3pc from the previous month.
Under IPPI, the primary ferrous metal products saw an 8.4pc increase in March from the corresponding month in 2020 and rose by 1.2pc from the previous month. Primary non-ferrous metal products’ IPPI surged by 29.3pc in March this year from the same month last year, while it declined by 1.3pc from the previous month.
IPPI for fabricated metal products and construction material increased by 8.9pc in March from the same month in 2020 while it inched up by 1pc from February this year. IPPI for motorized and recreational vehicles, however, dropped by 3pc in March on an annual basis and by 0.3pc on a monthly basis.
Under RMPI the non-metallic minerals saw a 5.1pc rise in March from the same month in 2020 and were up by 0.3pc from February this year. RMPI for metal ore concentrates and scraps grew by 19.7pc in March from last year while it fell by 2.3pc from the previous month.