Canada Producer Prices Up 1.0% in October

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Canadian producer prices rose in October on higher passenger car and auto parts charges. Meanwhile, the country's raw-materials price index increased due to higher crude energy prices.

Canada's industrial product price index advanced 1.0% in October, Statistics Canada said Tuesday. Market expectations were for a 0.5% rise, according to economists at Royal Bank of Canada.

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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 year-over-year basis, producer prices rose 1.8%.

As for raw materials, prices paid by manufacturers in October climbed 3.8% following a 0.2% decline the previous month. On a 12-month basis, raw materials prices rose 6.6%.

Write to David George-Cosh at david.george-cosh@wsj.com

(END) Dow Jones Newswires

November 28, 2017 09:01 ET (14:01 GMT)