Prices for products sold by Canadian manufacturers, as measured by the Industrial Product Price Index (IPPI), increased 1.4% in November, mainly attributable to higher prices for energy and petroleum products. Prices for raw materials purchased by Canadian manufacturers, as measured by the Raw Materials Price Index (RMPI), rose 5.5%, primarily due to higher prices for crude energy products.

The IPPI rose 1.4% in November, following a 1.1% increase in October. Of the 21 major commodity groups, 16 were up, 4 were down and 1 was unchanged.