OTTAWA, Jan. 5 (Xinhua) -- Canada's Industrial Product Price Index (IPPI) fell 0.6 percent in November while the Raw Materials Price Index (RMPI) rose 0.6 percent, Statistics Canada said Tuesday.
The IPPI was down in November due to lower prices for lumber and other wood products while the RMPI was up because of higher prices for crude energy products and crop products.
In November, the IPPI fell 0.6 percent month over month. Of the 21 major commodity groups, nine were down, nine were up, and three were unchanged.
The largest downward contributor to the monthly decline was the lumber and other wood products, which plunged 10.7 percent.
On a year-over-year basis, the IPPI was flat in November. Lower energy and petroleum product prices were offset by higher prices for primary non-ferrous metals, and lumber and other wood products.
The RMPI rose 0.6 percent in November. Of the six major commodity groups, three were up and three were down.
The November RMPI rise was driven mainly by gains in crude energy products and crop products. Prices for crude energy products rose 2.6 percent.
The monthly gain in the RMPI was moderated by decreases in prices for metal ores, concentrates, and scrap, which fell 1 percent, as well as for animals and animal products, which were down 1.5 percent.
On a year-over-year basis, the RMPI fell 1.7 percent, mostly as a result of lower prices for crude energy products, which plunged 26.5 percent. This decline was offset by a 27 percent increase in prices for metal ores, concentrates, and scrap. Enditem
