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UPDATE 1-Canada September producer prices drop on lower energy, petroleum

Published 2015-10-29, 08:43 a/m
© Reuters. UPDATE 1-Canada September producer prices drop on lower energy, petroleum

(Adds details of release, background)
OTTAWA, Oct 29 (Reuters) - Canadian producer prices fell
slightly more than expected in September, dropping 0.3 percent
from August on lower prices for energy and petroleum products,
Statistics Canada data indicated on Thursday.
Market operators polled by Reuters had forecast a 0.1
percent drop. Among the 21 major commodity groups, 15 rose, four
declined and two were unchanged.
Energy and petroleum products fell by 3.6 percent, thanks
largely to a 7.0 percent drop in motor gasoline prices, which
recorded their largest decline since January 2015. Excluding the
energy group, producer prices rose 0.2 percent.
A 0.8 percent fall in prices for chemicals and chemical
products also helped depress producer prices. The decline was
moderated by a 0.6 percent increase in the price of motorized
and recreational vehicles due to the depreciation of the
Canadian dollar.
Raw materials prices rose by 3.0 percent from August on the
back of an 8.2 percent increase in prices for crude energy
products. Compared to September 2014, raw materials prices were
down 20.9 percent.

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