Investing.com - Canada's raw materials price index rose more-than-expected in September, increasing for the third consecutive month, official data showed on Tuesday.
In a report, Statistics Canada said the raw materials purchase price index rose by a seasonally adjusted 1.3% in September, above expectations for a 1.0% increase.
The raw material price index rose by 3.5% in August, whose figure was revised from a previously reported 3.4% gain.
The data also showed that the industrial product price index rose 0.5% in September, compared to expectations for a 0.2% increase, after falling 0.1% in August.
Year-over-year, the IPPI fell at an annualized rate of 0.3% last month, after declining at a rate of 0.3% in August.
Following the release of the data, the Canadian dollar was higher against its U.S. counterpart, with USD/CAD shedding 0.1% to trade at 1.0002.
In a report, Statistics Canada said the raw materials purchase price index rose by a seasonally adjusted 1.3% in September, above expectations for a 1.0% increase.
The raw material price index rose by 3.5% in August, whose figure was revised from a previously reported 3.4% gain.
The data also showed that the industrial product price index rose 0.5% in September, compared to expectations for a 0.2% increase, after falling 0.1% in August.
Year-over-year, the IPPI fell at an annualized rate of 0.3% last month, after declining at a rate of 0.3% in August.
Following the release of the data, the Canadian dollar was higher against its U.S. counterpart, with USD/CAD shedding 0.1% to trade at 1.0002.