Investing.com - Canada's raw materials price index rose for the first time in four months in December, official data showed on Monday.
In a report, Statistics Canada said the raw materials purchase price index increased by a seasonally adjusted 1.9% in December, just below expectations for a 2% gain. The raw material price index fell by 4.2% in November, whose figure was revised from a previously reported 4.1% decline.
The RMPI rose at an annualized rate of 2.1% in December, after falling at a rate of 2.5% in the previous month.
The data also showed that the industrial product price index inched up by a seasonally adjusted 0.7%, missing expectations for a 1% increase, after rising 0.2% in November.
Year-over-year, the IPPI rose at an annualized rate of 1.4% in December, after increasing at a rate of 0.3% in November.
Following the release of the data, the Canadian dollar added to gains against its U.S. counterpart, with USD/CAD shedding 0.51% to trade at 1.1170, compared to 1.1079 ahead of the data.