According to the statistics released by the National Bureau of Statistics of China on May 10, the PPI was down by 0.2% from the previous month and was up 3.4% year-on-year; the industrial producer’s purchase price was up 3.7% year-on-year and 0.3% lower than the previous month. %. Among them, the prices of chemical raw materials and manufactured goods fell by 0.4% month-on-month and were up 6.2% year-on-year.
The year-on-year change in prices of industrial producers
In the ex-factory price of industrial producers, the price of means of production rose by 4.5% year-on-year, affecting the total level of ex-factory prices of industrial producers by 3.38 percentage points. Among them, the price of extractive industries rose by 6.1%, the price of raw materials industry rose by 5.7%, and the price of processing industry rose by 3.9%. %. The price of living materials rose by 0.1% year-on-year, affecting the total level of ex-factory prices of industrial producers by approximately 0.03%. Among them, food prices rose by 0.1%, clothing prices rose by 0.2%, general commodity prices rose by 0.9%, and consumer durables prices fell by 0.6%. %.
In the purchase prices of industrial producers, the prices of building materials and non-metals rose by 10.7% year-on-year, the prices of wood and pulp products rose by 7.0%, the prices of non-ferrous metal materials and wires rose by 6.4%, and the prices of ferrous metal materials increased by 5.4%. Power prices rose 4.6%; agricultural and sideline products prices fell 1.3%.
Industrial producer price chain changes
In the ex-factory price of industrial producers, the price of production materials fell by 0.2% month-on-month, affecting the total level of ex-factory prices of industrial producers by approximately 0.14 percentage points. Among them, the prices of extractive and processing industries both fell by 0.2%, and the prices of raw materials industry decreased by 0.1%. Data prices fell by 0.1% month-on-month, affecting the overall level of ex-factory prices of industrial producers by about 0.04 percentage points. Among them, food prices fell by 0.1%, clothing and durable consumer goods prices both fell by 0.2%, and general commodity prices remained flat.
In the purchase prices of industrial producers, the prices of wood and pulp, building materials and non-metallic materials all increased by 0.5%, the prices of ferrous metal materials decreased by 1.0%, the prices of fuel and power products decreased by 0.5%, and the prices of non-ferrous metal materials and wires. Decline 0.4%.
From January to April, the ex-factory price of industrial producers rose by 3.6% year-on-year, and the purchase price of industrial producers increased by 4.2% year-on-year.