Investing.com - Canada's raw materials price index rose less-than-expected in August, official data showed on Monday.
In a report, Statistics Canada said the raw materials purchase price index increased by a seasonally adjusted 0.9% in August, below expectations for an increase of 1%.
The raw material price index climbed by 4.3% in July, whose figure was revised up from a previously reported gain of 4.2%.
The Raw Materials Price Index increased as a result of higher prices for crude oil and non-ferrous metals.
The data also showed that the industrial product price index rose by a seasonally adjusted 0.2% in August, in line with expectations, after gaining 0.3% in July.
Year-over-year, the IPPI rose at an annualized rate of 1.7% in August, after climbing at a rate of 1.4% in July.
The IPPI rose mainly because of higher prices for primary metal products.
Following the release of the data, the Canadian dollar remained higher against its U.S. counterpart, with USD/CAD shedding 0.21% to trade at 1.0284.
In a report, Statistics Canada said the raw materials purchase price index increased by a seasonally adjusted 0.9% in August, below expectations for an increase of 1%.
The raw material price index climbed by 4.3% in July, whose figure was revised up from a previously reported gain of 4.2%.
The Raw Materials Price Index increased as a result of higher prices for crude oil and non-ferrous metals.
The data also showed that the industrial product price index rose by a seasonally adjusted 0.2% in August, in line with expectations, after gaining 0.3% in July.
Year-over-year, the IPPI rose at an annualized rate of 1.7% in August, after climbing at a rate of 1.4% in July.
The IPPI rose mainly because of higher prices for primary metal products.
Following the release of the data, the Canadian dollar remained higher against its U.S. counterpart, with USD/CAD shedding 0.21% to trade at 1.0284.