GBPCAD The UK economy is recovering strongly
After increasing 1.9% month-on-month in August, the IPPI rose 0.4% month-on-month in September.
Energy and petroleum product prices rose 3.7% month-on-month in September, leading to an increase in the IPPI. Price movements for refined products were mixed. Diesel prices rose by 7.0% and gasoline prices fell by 2.3%. Crude oil, the raw material for these products, rose 9.9%. The rise in diesel fuel prices was also due to low distillate stocks in the United States and Europe. On September 21, Russia announced temporary restrictions on diesel and gasoline exports, which also contributed to the rise in global diesel prices.
Energy and petroleum product prices rose 3.7% month-on-month in September, leading to an increase in the IPPI. Price movements for refined products were mixed. Diesel prices rose by 7.0% and gasoline prices fell by 2.3%. Crude oil, the raw material for these products, rose 9.9%. The rise in diesel fuel prices was also due to low distillate stocks in the United States and Europe. On September 21, Russia announced temporary restrictions on diesel and gasoline exports, which also contributed to the rise in global diesel prices.
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