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Canadian commercial item as well as resources rates increase in February-Pumao steel

2022-03-23 | Pumao

According to Stats Canada, the Industrial Product Consumer price index increased 3.1 percent month over month in February and 16.4 percent year over year. The Raw Materials Rate Index rose 6.0 percent month over month in February and also 29.8 percent year over year.

In February 2022, the Industrial Item Consumer price index rose 3.1 percent month over month and also 16.4 percent year over year. This was the sixth successive month-to-month boost, and the largest regular monthly gain in even more than 42 years, given that January 1980 (+3.8 percent).

In February, the Raw Products Price index rose 6.0 percent month over month and 29.8 percent year over year.

Rates for steel ores, concentrates and scrap raised 3.8 percent on a month-to-month basis. Within this group, rates for iron ores and concentrates climbed 8.6 percent. Gold ores, concentrates and mill billion (+2.9 percent), as well as silver ores, concentrates as well as mill bullion (+2.3 percent), also posted monthly rises.

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