UPDATE 1-Cars and gasoline push Canada industrial prices higher

Tue Jul 30, 2013 8:47am EDT
 
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* Industrial product, raw materials prices both climb 0.3 pct

* First gain in producer prices since February

OTTAWA, July 30 (Reuters) - Canadian producer prices rose 0.3 percent in June from May, the first increase since February, thanks to higher prices for gasoline and motor vehicles, Statistics Canada said on Tuesday.

Analysts surveyed by Reuters had expected the industrial product price index to remain flat in the month, as it was in May.

The unexpected increase was due mostly to a 0.8 percent rise in motor vehicles and other transportation equipment as auto prices jumped 1 percent.

Petroleum and coal products also pushed up the index, gaining 0.5 percent on the back of a 1.4 percent rise in gasoline.

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