The Industrial Product Price Index (IPPI) edged up 0.1% in February, primarily due to higher prices for meat, fish and dairy products and primary non-ferrous metal products. The Raw Materials Price Index (RMPI) increased 1.2%, mainly as a result of higher prices for animals and animal products.

The IPPI (+0.1%) increased for a sixth consecutive month in February, following a 0.6% gain the previous month. Of the 21 major commodity groups, 8 were up, 10 were down and 3 were unchanged.

The growth in the IPPI was largely attributable to higher prices for meat, fish and dairy products (+1.5%) and primary non-ferrous metal products (+1.5%).