Source: The Canadian Press

The Industrial Products Price Index increased 0.5% in November, while the Raw Materials Price Index was up 3.5.

Statistics Canada reports the upward pressure on both indexes came mainly from petroleum and metals prices.

The agency says prices of petroleum and coal products were up 3.9% and primary metal products rose 0.7.

StatsCan attributed those increases largely to strong demand in emerging countries and colder weather in Europe.

The industrial products increase was moderated by a 0.4% decline in prices for motor vehicles and other transportation equipment, largely due to a rise in the Canadian dollar.

The industrial index was 2.1% higher in November than it was a year earlier as 14 of 21 major commodity aggregations were up and seven declined.

Statistics Canada says the advance in the raw materials index was moderated by lower prices for animals and animal products, down 2.5%.

The raw materials index was up 6.8% over the same month a year earlier.