Canada's industrial prices fall 0.6% in September

Figure falls 0.9% on annual basis, marking 1st year-on-year decline since March, says Statistics Canada

By Ovunc Kutlu

ISTANBUL (AA) - Canada's industrial product price index (IPPI) fell 0.6% in September, compared to the previous month, according to official figures.

While the market expectation for the figure was to show a monthly decline of 0.4%, it followed a month-on-month decrease of 0.8% in August.

Excluding energy and petroleum products, IPPI rose 0.2%, Statistics Canada said Tuesday in a statement.

Prices for energy and petroleum products plummeted 6.5%, it added.

"Lower prices were widespread among refined petroleum energy products, particularly finished motor gasoline and diesel fuel," said the statement.

On an annual basis, meanwhile, IPPI decreased 0.9% in September from the same month of last year, marking the first annual decrease since March.

This followed an annual increase of 0.2% recorded in August.

Kaynak:

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