According to Statistics Canada, the Industrial Product Price Index (IPPI) rose 0.5 percent in May, following a 0.9 percent decline in April.
Moderating the increase in the IPPI were lower prices for motorized and recreational vehicles (-0.8 percent). The decline was mainly due to passenger cars and light trucks (-0.8 percent), motor vehicle engines and motor vehicle parts (-0.6 percent), as well as aircraft (-1.1 percent). Lower prices for motorized and recreational vehicles were closely linked to the appreciation of the Canadian dollar relative to the US dollar.
Meanwhile, the Raw Material Price Index, (RMPI) rose 4.4 percent in May, following a 4.0 percent increase in April.