Bureau of Statistics: PPI fell 0.8percent in August compared with the same period last year, slightly expanding the decline.

category:Finance
 Bureau of Statistics: PPI fell 0.8percent in August compared with the same period last year, slightly expanding the decline.


I. Changes in Industrial Producer Prices Year-on-Year

Among the ex-factory prices of industrial producers, the price of means of production decreased by 1.3% year-on-year, which was 0.6 percentage points larger than that of last month, affecting the overall level of ex-factory prices of industrial producers by about 0.98 percentage points. Among them, the price of extractive industry rose by 2.8%, the price of raw material industry dropped by 3.5%, and the price of processing industry dropped by 0.8%. The price of means of subsistence rose by 0.7% year-on-year, a decline of 0.1 percentage points over the previous month, affecting the overall level of ex-factory prices of industrial producers by about 0.18 percentage points. Among them, food prices rose 2.6%, clothing prices rose 0.9%, general commodity prices rose 0.6%, durable consumer goods prices fell 2.0%.

II. Ring-to-Ring Changes in Industrial Producer Prices

In the ex-factory price of industrial producers, the price of means of production has dropped by 0.2% annually, and the decline has narrowed by 0.1 percentage points compared with the previous month, affecting the overall level of ex-factory price of industrial producers by about 0.12 percentage points. Among them, the price of extractive industry rose by 0.2%, the price of raw material industry remained flat, and the price of processing industry dropped by 0.3%. The price of means of subsistence rose by 0.2% annually from a flat level, which affected the overall level of industrial producersfactory output by about 0.06 percentage points. Among them, food prices rose by 0.8%, clothing prices remained flat, general commodity prices rose by 0.1%, durable consumer goods prices fell by 0.5%.

Among the purchasing prices of industrial producers, the prices of agricultural and sideline products increased by 1.3%, the prices of ferrous metals decreased by 0.8%, fuel and power decreased by 0.7%, the prices of chemical raw materials decreased by 0.6%, and the prices of non-ferrous metals and wires decreased by 0.3%.

Note appended

1. Indicator Interpretation

Industrial producer price index includes industrial producer price index for industrial products (PPI) and industrial producer purchase price index.

The ex-factory price index of industrial producers reflects the changing trend and range of ex-factory price when the products of industrial enterprises are sold for the first time.

The purchasing price index of industrial producers reflects the changing trend and range of the purchasing price of industrial enterprises as intermediate input products.

2. Statistical Scope

The survey covers the prices of more than 20,000 industrial products in 1638 basic categories, while the survey covers the prices of more than 10,000 industrial products in more than 900 basic categories.

3. Investigation methods

The criterion of industrial industry classification is based on National Economic Industry Classification (GB/T4754-2017).

Because of rounding, sometimes the aggregate data is the same as the high or low value of the classified data.