(Adds details from report)
OTTAWA May 30 Canadian producer prices rose for
the eighth month in a row in April due to higher costs for
energy and petroleum products, data from Statistics Canada
showed on Tuesday.
Prices were up 0.6 percent, with prices higher in 14 out of
the 21 major commodity groups. Compared to a year ago, prices
were up 6.3 percent, the largest annual increase since October
Prices for energy and petroleum products rose 2.9 percent in
April on a monthly basis, led by a 5.8 percent jump in gasoline,
the highest increase in four months.
Raw materials prices rose 1.6 percent, reversing the
previous month's decline as crude energy products rose,
particularly conventional crude oil.
(Reporting by Leah Schnurr; Editing by Nick Zieminski)