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Statistics Canada released its industrial product and raw materials price indexes on Thursday. The Industrial Product Price Index (IPPI) fell 0.3% in September, missing forecasts for a 0.1% drop, after a 0.3% decline in August.
The decrease was mainly driven by lower prices for energy and petroleum products, which slid 3.6% in September.
15 of the 21 commodity groups increased, 4 declined and 2 were unchanged.
The Raw Materials Price Index (RMPI) climbed 3.0% in September, after a 6.8% fall in August. August's figure was revised down from a 6.6% decline.
The rise was driven by higher prices for crude energy products. Crude energy products rose by 8.2% in September.
3 of the 6 commodity groups rose and 3 decreased.
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