Canada January producer prices up 0.4% on petroleum, primary metals

FILE PHOTO: A worker assembles bullet fairings for the Global 7500 aircraft at Bombardier facility in Montreal Quebec

Producer prices in Canada rose by 0.4% in January from December on higher prices for refined petroleum energy products, as well as primary non-ferrous metal products, Statistics Canada said on Friday.

The increase followed an upwardly revised 0.9% decrease December. Raw materials prices were down 0.1% in January, and were up 1.2% on the year.

INDUSTRIAL PRODUCT PRICES (pct change)

Month-on-month Year-on-year

Jan Dec(rev) Dec(prev) Jan Dec(rev) Dec(prev)

total +0.4 -0.9 -1.1 +5.4 +7.7 +7.6

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ex energy/petrol +0.4 +0.5 +0.2 +3.6 +5.1 +4.9

RAW MATERIALS PRICE INDEX (pct change)

Month-on-month Year-on-year

Jan Dec(rev) Dec(prev) Jan Dec(rev) Dec(prev)

total -0.1 -2.8 -3.1 +1.2 +8.1 +7.5

ex crude energy +0.9 +1.5 +1.5 +0.8 +0.9 +0.6

NOTE: Analysts surveyed by Reuters forecast a 0.1% decrease in producer prices in January from December.

(Reporting by Dale Smith)

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