Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Econ> Canada IPPI Rises 2.4% MoM in Mar, RMPI Up 12%, Both Above Forecasts
Recommend 6 Positive 1 Negative 6 |
||||
|
||||
|
Data from Statistics Canada showed that Canadas Industrial Product Price Index (IPPI) rose 2.4% MoM in Mar, above the market expectation of a 1.6% increase, following a 0.6% rise in Feb. The closure of the Strait of Hormuz was the main event affecting price volatility for various commodities in Mar, with energy and petroleum product prices posting a record increase of 27.4%. In addition, prices of chemicals and chemical products rose 4.1%, marking the largest increase since February 2021. Excluding energy and petroleum products, the IPPI fell 0.5%, mainly due to a 1.7% decline in the cost of primary non-ferrous metal products. Canadas Raw Materials Price Index (RMPI) surged 12% MoM in Mar, exceeding the forecast of 9.3%. Crude oil and energy products jumped 41.1%, the largest single-month increase since May 2020. Crop prices rose 3.9%, recording a third consecutive monthly increase. Excluding crude oil and energy products, the RMPI edged up only 0.2%. On a YoY basis, the IPPI increased 7.8%, marking 18 consecutive months of gains, while the RMPI rose 23.6%. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
||||
Copied to Clipboard
 |
||||
