Fri, Sep 28 2007, 13:07 GMT
http://www.afxnews.com
LONDON (Thomson Financial) - Canadian industrial product prices posted their fourth consecutive monthly decline in August as raw materials prices posted their first large monthly drop since January, according to figures released by Statistics Canada.
Industrial prices, as measured by the Industrial Product Price Index (IPPI), fell by 1.0 pct in August from July after a 0.7 pct drop the previous month.
The drop in prices essentially reflected lower prices for primary metal products, petroleum and coal products, and chemical products. However, there were higher prices for motor vehicles and other transportation equipment, as well as for pulp and paper products, StatCan said.
Excluding petroleum and coal products, the IPPI fell by 0.7 pct.
Meanwhile, raw materials prices, measured by the Raw Materials Price Index (RMPI), fell by 2.8 pct between July and August, a marked change from the 4.0 pct gain in July and pulled lower by falls in prices for non-ferrous metals and mineral fuels. Increases in the prices for vegetable products and ferrous materials had little effect on the movement of the RMPI, the statistics office said.
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