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.