Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), rose 3.0% month over month in January 2022 and were 16.9% higher than in January 2021. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), were up 6.5% on a monthly basis in January 2022 and up 30.5% year over year.
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