ISTANBUL: Canada's industrial product price index (IPPI) annually rose 2.8% in June, marking the third straight year-on-year increase last month, according to figures released Friday. The annual figure for May was revised up to a gain of 2.1%, from an increase of 1.8%. The biggest contributors to the year-on-year increase in June were unwrought silver and silver alloys that gained 30.5%, and unwrought gold and gold alloys, which increased 23.6%. On a monthly basis, however, IPPI remained unchanged in June compared to the previous month, coming lower than market expectations of a 0.2% increase. The monthly IPPI figure for May was also revised up to a gain of 0.2%, from no change. Prices for meat, fish and dairy products were the largest contributor to the IPPI for the month of June, with a gain of 2.4%, posting its fourth consecutive month-on-month increase, Statistics Canada said in a statement. Source: Anadolu Agency
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