Tuesday June 30, 01:45 PM
Canada May producer prices fall on currency rise
June 30 (Reuters) - A dramatic rise in the Canadian dollar
against the U.S. dollar in May caused producer prices to fall by a
steeper-than-expected 1.1 percent from April as the exchange rate caused
key export prices to fall, Statistics Canada said on Tuesday.
Raw materials prices rose 2.2 percent in May from April.
INDUSTRIAL PRODUCT PRICES (pct change)
Month-on-month Year-on-year
May Apr(rev) Apr(prev) May Apr(rev) Apr(prev)
total -1.1 -0.5 -0.5 -4.3 -2.2 -2.2
ex petrol/coal -1.6 -0.7 -0.6 +1.5 +2.9 +3.0
RAW MATERIALS PRICE INDEX (pct change)
Month-on-month Year-on-year
May Apr(rev) Apr(prev) May Apr(rev) Apr(prev)
total +2.2 -0.3 -0.5 -31.6 -31.0 -31.2
ex min fuels -1.0 +1.5 +1.4 -10.9 -11.5 -11.7
NOTE (Stockholm: NOTE.ST - news) : Analysts surveyed by Reuters had expected a 0.5 percent drop in
industrial prices in May from April and a 2.0 percent rise in raw
materials prices.
LINK:
Statistics Canada report
http://www.statcan.ca/Daily/English/090630/td090630.htm
(Reporting by Louise Egan)
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