--IPPI -1.6% Y/Y; RMPI +6.1% M/M; -21.8% Y/Y
--Excluding Impact of CAD Depreciation Vs. USD, IPPI +1.0% M/M
OTTAWA (MNI) - In their first increase in six months, Canadian
industrial product prices rebounded by 1.8% in February on widespread
gains led by energy and petroleum products, while the pass-through
effect from the depreciation of the loonie continued to be felt,
Statistics Canada reported Monday.
The energy sector also contributed to the 6.1% increase in raw
materials prices over the month, the largest gain since a 6.2% advance
in June 2009, following a 7.8% decrease in January.
On a 12-month basis, the industrial product price index was still
down 1.6%, following a 2.1% decline in January.