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OTTAWA Feb 28 Canadian producer prices rose for
the fifth month in a row in January, increasing by 0.4 percent
from December on higher prices for energy and petroleum
products, Statistics Canada said on Tuesday.
Of the 21 major commodity groups, prices rose in six, fell
in 10 and were unchanged in five.
Prices for energy and petroleum products climbed by 2.7
percent, pushed up by higher prices for gasoline and heavy fuel
oils. Meat, fish and dairy products were 2.2 percent more
expensive than in December.
Prices for motorized and recreational vehicles fell by 0.6
percent, largely due to a 1.0 percent increase in the Canadian
dollar against the greenback in January. Many vehicles are
priced in U.S. dollars and become less expensive when the
Canadian currency strengthens.
Raw material prices climbed by 1.7 percent from December,
boosted by higher prices for animals and animal products.
On an annual basis, raw material prices jumped by 23.0
percent, the largest year-on-year gain since the 25.3 percent
seen in July 2011. Higher energy prices were largely responsible
for the gain.
(Reporting by David Ljunggren; Editing by Chizu Nomiyama)