Statistics Canada announces the prices for manufactured goods at the factory gate were up in March. Raw materials prices also increased in March.
The 12-month change in the Industrial product and raw materials price indexes (IPPI): chemical products were the major contributors to this annual increase.
The Raw Materials Price Index (RMPI) was up 0.8 percent from February to March, following a decrease of 3.2 percent in February.
Compared to March of last year, raw materials cost factories 4.9 percent more, the lowest year-over-year change since March 2004.
In March, the IPPI (1997=100) stood at 112.3 up from February's revised level of 111.4. The RMPI (1997=100) reached 151.6, up from a revised level of 150.4 in February.
Prices for intermediate goods increased 0.8 percent from February.
Producers of intermediate goods received 1.8 percent more for their goods in March than the same month a year earlier.
Higher prices were registered for petroleum products, chemical products, leather and fabricated products and non-metallic mineral products.
On a monthly basis, prices for finished goods were up 0.9 percent from February.
Higher prices for machinery and equipment are the major contributors to this monthly rise.
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