Canada’s industrial producer prices rose 0.5% month-over-month in August, following a 0.7% gain in July and below market expectations of 0.9%. The increase was led by higher prices for chemicals, meat, fish and dairy products, motorized and recreational vehicles, and primary non-ferrous metal products, while lower energy and petroleum prices moderated the increase. Excluding energy, the IPPI rose 0.7%. Meat, fish and dairy prices climbed for the ninth consecutive month, up 1.9%, led by fresh and frozen beef and veal (+5.2%) and chicken (+2.1%) amid strong seasonal demand and tight domestic supply. Primary non-ferrous metal products rose 1.0%, supported by gains in gold (+1.6%) and silver (+1.9%), while platinum group metals fell 3.7% after three consecutive months of gains. Energy and petroleum prices fell 1.3%, with diesel down 6.0% but gasoline up 1.8% during the summer driving season.