Canada December producer prices down 1.1% on petroleum, softwood

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January 18, 2023 2:05 PM EST

FILE PHOTO: A fuel pump is seen in a car at a gas station in Toronto April 22, 2014. REUTERS/Mark Blinch

Jan 18 (Reuters) - Producer prices in Canada fell by 1.1% in December from November on lower prices for refined petroleum energy products, as well as softwood lumber, Statistics Canada said on Wednesday.

The decline followed a downwardly revised 0.5% decrease November. Raw materials prices were down 3.1% in December, and were up 7.5% on the year.

INDUSTRIAL PRODUCT PRICES (pct change)

Month-on-month Year-on-year

Dec Nov(rev) Nov(prev) Dec Nov(rev) Nov(prev)

total -1.1 -0.5 -0.4 +7.6 +9.4 +9.7

ex energy/petrol +0.2 0.0 0.0 +4.9 +5.8 +6.0

RAW MATERIALS PRICE INDEX (pct change)

Month-on-month Year-on-year

Dec Nov(rev) Nov(prev) Dec Nov(rev) Nov(prev)

total -3.1 -0.8 -0.8 +7.5 +7.9 +8.0

ex crude energy +1.5 +0.2 +0.4 +0.6 -0.5 -0.4

NOTE: (Reporting by Dale Smith)


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