Statistics of Canada released the Industrial product and raw materials price indexes for September 2005.
Monthly prices for manufactured goods at the factory gate were up in September, as gasoline and fuel oil prices continued to rise. Raw materials prices were down in September, following three monthly increases.
Prices charged by manufacturers, as measured by the Industrial Product Price Index (IPPI), were up 0.4 percent from August to September. Higher prices for petroleum products, lumber products and chemical products were the contributors to this monthly increase.
The 12-month change in the IPPI was 0.6 percent, up from August's year-over-year decrease of 0.3 percent and largely due to the continuing rise of prices for petroleum products.
The Raw Materials Price Index (RMPI) was down 0.3 percent from August to September, following a 4.5 percent increase registered the previous month. There were price decreases in wood products, vegetable products and non-ferrous metals.
Compared to September of last year, raw materials cost factories 14.3 percent more, down slightly from the 12-month change of 14.6 percent in August.
In September, the IPPI (1997=100) stood at 111.6, up from August's level of 111.2. The RMPI (1997=100) reached 152.7, down from a revised level of 153.2 in August.
Petroleum and coal products prices increased 8.3 percent compared to August, the eighth increase in the past nine months. If petroleum and coal product prices had been excluded, the IPPI would have decreased 0.4 percent, rather than increasing 0.4 percent.
IPPI: Petroleum and chemical products are the major factors in the 12-month change - On a 12-month basis, the IPPI was up 0.6 percent in September, following decreases of 0.3 percent in July and August.
Click here to see more details:
Prices for petroleum and coal products rose 36.1 percent from September 2004, up from August's increase of 27.9 percent. If petroleum and coal product prices had been excluded, the IPPI would have decreased 2.4 percent, rather than increasing 0.6 percent from a year ago.
Chemical products increased 5.5 percent, due to higher prices for organic industrial chemicals and synthetic resins. Prices were also higher than one year ago for rubber, leather and plastic fabricated products, tobacco products, non-metallic mineral products, as well as furniture and fixtures.
