Canada Producer Prices Rose 1.5% in December

By Kim Mackrael

OTTAWA--Canadian producer prices rose in December, led by higher prices for energy and petroleum products and lumber and other wood products.

Canada's industrial product price index rose 1.5% in December from the previous month, Statistics Canada said Friday. Market expectations weren't immediately available.

The index measures the price manufacturers in Canada receive once their goods leave the plant. It doesn't reflect the final prices consumers pay for goods on store shelves.

On a 12-month basis, the producer-price index rose 1.8%.

Prices for raw materials, which track prices paid by manufacturers, rose 3.5% in December from the previous month. On a 12-month basis, prices for raw materials were down 0.7%.

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(END) Dow Jones Newswires

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