Canadian Industrial Product Price Index (IPPI) edged down 0.1 percent in September due to lower prices for energy and petroleum products, according to Statistics Canada on Friday.
The decrease came after four consecutive monthly increases.
Excluding energy and petroleum products, the IPPI rose 0.3 percent, largely driven by higher prices for lumber and other wood products, which jumped 6.3 percent, and meat, fish and dairy products, which rose 1.7 percent.
Year-over-year, the IPPI fell 2.2 percent for an eighth consecutive month in September, primarily as a result of lower prices for energy and petroleum products which plunged 28.2 percent.
Meanwhile, Raw Materials Price Index (RMPI) fell 2.2 percent in September mainly because of lower prices for crude energy products.
The RMPI was brought down by lower prices for crude energy products which dropped 6.9 percent due to less global demand for oil caused by the COVID-19 pandemic.
Editor: Galia
