Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose by 1.7% month over month in May and by 15.0% compared with May 2021. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased 2.5% on a monthly basis in May and posted a 37.4% year-over-year increase.
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