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Canadian manufactured goods prices rise 1.3% in July

  • Statistics Canada reported higher Canadian manufactured goods prices in July.
  • 1.3% was the monthly increase, while annual prices rose 13.5%.
  • July marked the 23rd consecutive annual increase in prices.

Canadian manufactured goods prices increased 1.3% in July from June, extending a year-over-year climb to 13.5%. Statistics Canada’s industrial product price index, which tracks prices received by manufacturers, recorded its 23rd consecutive annual increase as the resumption of conflict between the U.S. and Iran pushed energy prices higher.

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