Prices of products manufactured in Canada, as measured by the Industrial Product Price Index (IPPI), increased 2.7% month over month in January and were up 5.4% year over year. Prices of raw materials purchased by manufacturers operating in Canada, as measured by the Raw Materials Price Index (RMPI), increased by 7.7% month over month in January and rose 8.0% year over year. …Softwood lumber rose 3.7% in January, after posting a decrease of 6.2% in the previous month. The increase was partially driven by tight supply conditions caused by severe winter conditions in Eastern Canada and ongoing mill closures across Canada.