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%.
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(END) Dow Jones Newswires
November 28, 2017 09:01 ET (14:01 GMT)