FXstreet.com (Barcelona) - Prices of manufactured products have increased slightly in February on the back of increasing prices for primary metals, partly offset by lower prices for motor vehicles, raw materials increased somewhat sharper, according to data released by Statcan, the Canadian statistics office.
Prices charged by manufacturers have gone 0.1% up from January to February, a rather slower increase than the 1.1% posted in the previous month. Petroleum and coal product prices have slowed down their growing paces after three months of strong increases.
Raw material prices have also slowed down their growing pace, with a 0.5% rise in February, following a 3.6% increase in January, sharp increases for vegetable products and non ferrous metals have been offset by 1.0% decrease on mineral fuels.
On the last twelve months, industrial prices have declined 0.8%, while raw material prices have risen 14.9%.