According to Statistics Canada, prices of goods produced in Canada, as measured by the Industrial Goods Price Index (IPPI), rose 0.6 percent month-on-month in July and increased 12.4 percent year-on-year. The prices of raw materials purchased by producers operating in Canada, according to the Commodity Price Index (RMPI), decreased by 2.2 percent from June to July and increased by 18.1 percent year-on-year in June. July.
The consumer price index rose 0.6% month-on-month in July after falling 1.4% in June.
The consumer price index rose by 12.4% year-on-year in July, which is the 22nd consecutive month compared to the same period last year.
In July, the YUAN business activity index decreased by 2.2% month-on-month, mainly due to lower prices for crude energy (-3.6%) and metal ores, concentrates and scrap (-4.7%). Excluding crude oil for energy, the consumer price index decreased by 1,5%.
In July, the consumer price index rose by 18.1% year-on-year, down from a 21.0% increase in June. Excluding crude energy, the Yuan business activity index rose 16.7% year-on-year in July.
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