Canada: Raw Materials Price Index (RMPI) increased 1.0%

"The Industrial Product Price Index (IPPI) rose 0.3% in August, mainly due to higher prices for energy and petroleum products. The Raw Materials Price Index (RMPI) increased 1.0%, primarily due to higher prices for crude energy products," the Statistics Canada said on Friday.

Key quotes:

• The IPPI increased 0.3% in August, following a 1.6% decrease in July.
• Of the 21 major commodity groups, 6 were up, 13 were down and 2 were unchanged.
• The growth in the IPPI was mostly attributable to higher prices for energy and petroleum products (+2.8%).
• The gain in this commodity group was mainly due to higher prices for motor gasoline (+3.0%).
• Diesel fuel (+4.0%), light fuel oils (+3.7%) and jet fuel (+7.6%) also contributed to the increase, but to a lesser extent.