Canada November PPI +2.2% vs +1.1% y/y prior ...Middle East

Prior was +1.1%Monthly PPI +0.6% vs +1.2% priorRaw materials price index +2.0% vs -2.8% y/y priorRaw materials price index -0.5% vs +3.8% m/m prior (revised to -2.6%)

Some drivers:

Prices for lumber and other wood products (+5.7%) posted the largest month-over-month increase since March 2022Energy and petroleum products rose 1.1% in NovemberPrices for motorized and recreational vehicles rose 0.7% month over month in NovemberThe largest upward contributor to November's year-over-year increase was unwrought gold, silver, and platinum group metals, and their alloys (+32.5%) This article was written by Adam Button at www.forexlive.com.

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