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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

June 29, 2020

During the COVID-19 pandemic, commodity and industrial product prices will provide indications of large changes in demand and/or supply.  The data presented in this article are price indices for Canadian Raw Materials and Canadian Industrial Products. 

From February 2020 to May 2020, there were large price declines in crude energy (-37.9 per cent) and petroleum products.  Most raw material and industrial product category prices were up from February to May.  However, there were declines in raw material prices for logs/pulpwood as well as declines in industrial prices for chemical products and furniture/fixtures.

Comparison of price changes for detailed commodities often shows little variation from one month to the next.  The following results show year-over-year (May20 vs May19) Canadian raw material and industrial product price changes for selected goods that are produced in Nova Scotia and well as for energy products.

Source: Statistics Canada:  Table  18-10-0030-01   Industrial product price index, by product, monthlyTable  18-10-0034-01   Raw materials price index, monthly

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