Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 1.5% month over month in April 2024 and increased 1.4% year over year. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased 5.5% on a monthly basis in April 2024 and were 3.1% higher compared with April 2023.
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