Reed Construction Data

Statistics Canada reports that the industrial product price index (IPPI) was -0.8% year over year (y/y) and +0.1% month over month (m/m) in February 2008 (i.e., versus February 2007 and January 2008 respectively). These were both very modest changes. However, recent oil price hikes suggest that more radical cost and price adjustments are coming.

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