In February 2019, Producer Price Index (PPI) for Industrial Products increased 0.1 percent year-on-year, and decreased 0.1 percent month-on-month. The purchasing price index for manufactured goods decreased 0.1 percent year-on-year and month-on-month. On average from January to February, the Producer Price Index and the purchasing price index for manufactured goods all went up by 0.1 percent from the same period of previous year.
1. Year-on-Year Changes of Prices of Different Categories
In February, the year-on-year change of producer prices for means of production decreased 0.1 percent, meaning 0.05 percentage point decrease in the overall price level. Of which, producer prices for mining and quarrying industry increased 1.8 percent; that of raw materials industry decreased 1.5 percent; that of manufacturing and processing industry increased 0.3 percent. Producer prices for consumer goods increased 0.4 percent year-on-year, meaning 0.10 percentage point increase in the overall price level. Of which, producer prices for foodstuff increased 0.8 percent, that of clothing went up by 1.6 percent, that of commodities went up by 0.2 percent, and that of durable consumer goods down by 0.6 percent from the previous year.
The year-on-year purchaser price indices for building materials and non-metallic went up by 5.5 percent, ferrous metal materials increased 1.6 percent, non-ferrous metal materials and wires went down by 2.9 percent, fuel and power decreased 0.5 percent.
2. Month-on-Month Changes of Prices of Different Categories