Higher prices for motor vehicles, other transportation equipment responsible for hike
OTTAWA—Statistics Canada’s industrial product price index nudged up 0.3 per cent in June, the first time since February that it has risen.
The Ottawa-based government agency says higher prices for motor vehicles and other transportation equipment were mainly responsible for the increase to the industrial product price index.
Petroleum and coal products also contributed to the gain.
Of the 21 major commodity groups, 15 were up, two were down and four were unchanged.
Meanwhile, the Statistics Canada raw materials price index was also up 0.3 per cent from the previous month.
Higher prices for animals and animal products and crude oil were behind the increase to the raw materials price index.
For the raw materials index, three of the seven major product groups were up, three were down and one was unchanged from last month.