Canada's industrial prices annually rise 0.2% in August

Figure declines 0.8% on month basis, says Statistics Canada

By Ovunc Kutlu

ISTANBUL (AA) - Canada's industrial product price index (IPPI) annually rose 0.2% in August, marking the fifth straight year-on-year increase last month, according to figures released Friday.

The annual figure for July was slightly revised down to a gain of 2.8%, from an increase of 2.9%.

The biggest contributors to the year-on-year increase in August were unwrought gold, silver, platinum group metals and their alloys which gained 24%, while unwrought aluminum and aluminum alloys rose 33.2%.

On a monthly basis, however, IPPI decreased 0.8% in August from the previous month.

The monthly IPPI figure for July was revised down to a decline of 0.1% from no change.

"Lower prices for energy and petroleum products were mainly responsible for the decline," Statistics Canada said in a statement.

"Excluding energy and petroleum products, the IPPI declined 0.2%," it added.

Kaynak: