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Statistics Canada released its industrial product and raw materials price indexes on Tuesday. The Industrial Product Price Index (IPPI) fell 0.2% in November, after a 0.5% decline in October.
The decrease was mainly driven lower prices for primary non-ferrous metal products, which slid 3.5% in November.
11 of the 21 commodity groups increased, 8 declined and 2 was unchanged.
The Raw Materials Price Index (RMPI) dropped 4.0% in November, after a flat reading in October. October's figure was revised down from a 0.4% rise.
The drop was driven by lower prices for crude energy products. Crude energy products fell by 5.7% in November.
2 of the 6 commodity groups rose and 4 decreased.
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