Textile & knit products prices in August show marginal change

30 Sep '05

2 min read

Prices for manufactured goods at the factory gate were
up in August, following three months of declines.

Raw materials prices were up again in August as crude oil
prices increased for a third straight month.

Prices charged by manufacturers, as measured by
the Industrial Product Price Index (IPPI), were up 0.3%
from July to August.

Higher prices for petroleum products, meat, fish and dairy products, primary metal products and chemical products were the major contributors to this monthly increase.

The 12-month change in the IPPI was a decline of 0.4%, similar to July's decrease of 0.3%. This was the third time in four months where prices were down from one year ago.

The Raw Materials Price Index (RMPI) was up 4.4% in August, following a 1.2% increase in July. There were price increases in mineral fuels, non-ferrous metals as well as ferrous materials.

Compared to August of last year, raw materials cost factories 14.5% more, up from the 12-month change of 13.6% in July.

Higher prices for petroleum products, tobacco
products, fruit, vegetable and feed products, chemical
products, rubber, leather and plastic fabricated products,
furniture and fixtures, and metal fabricated products
partly offset the annual decrease.

The Industrial product price indices at 1997=100 base showed price index for textile products were slightly down at 100.3 in August against 100.4 in July, this year.

Similarly, knitting products recorded August price index of 104.3 against 104.4 in July.

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Statistics Canada

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