Industrial product and raw materials price indexes, March 2023

Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), edged up 0.1% month over month in March and fell 1.8% year over year. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), decreased 1.7% on a monthly basis in March and were down 16.5% year over year.

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