March 18 (Reuters) - Producer prices in Canada rose by 0.7% in February from January on higher prices for energy and petroleum products, as well as chemicals and chemical products, Statistics Canada said on Monday.

The increase followed a 0.1% decrease in January. Raw materials prices were up 2.1% in January, and were down 4.7% on the year.

INDUSTRIAL PRODUCT PRICES (pct change)

Month-on-month Year-on-year

Feb Jan(rev) Jan(prev) Feb Jan(rev) Jan(prev)

total +0.7 -0.1 -0.1 -1.7 -2.9 -2.9

ex energy/petrol +0.1 +0.1 +0.1 -1.0 -1.0 -1.0

RAW MATERIALS PRICE INDEX (pct change)

Month-on-month Year-on-year

Feb Jan(rev) Jan(prev) Feb Jan(rev) Jan(prev)

total +2.1 +1.2 +1.2 -4.7 -6.5 -6.4

ex crude energy +0.1 +0.2 +0.2 -2.4 -1.7 -1.7

Keywords: CANADA ECONOMY/PRODUCER PRICES

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https://www.reuters.com/markets/commodities/canada-february-producer-prices-up-07-petroleum-chemicals-2024-03-18/