According to Statistics
Canada, the Industrial Product Price Index (IPPI) increased 0.5 percent in June, mainly because of higher prices for energy and petroleum products and motorized and recreational vehicles. The Raw Materials Price Index (RMPI) was unchanged in June, as lower prices for metal ores, concentrates and scrap were mostly offset by higher prices for crude energy products.
Contributing to the June increase in the IPPI was motorized and recreational vehicles (+1.2 percent). The increase was led by higher prices for passenger cars and light trucks (+1.3 percent) and, to a lesser extent, motor vehicle engines and motor vehicle parts (+0.8 percent) and aircraft (+1.5 percent). Higher prices for motorized and recreational vehicles were closely linked to the depreciation of the Canadian dollar relative to the US dollar.
Largely moderating the increase in the RMPI in June were lower prices for metal ores, concentrates and scrap (-3.2 percent). This was the largest drop in this commodity group since April 2013, when prices fell 8.2 percent.