In September 2019, Producer Price Index (PPI) for manufactured goods decreased by 1.2 percent year-on-year while 0.1 percent of increase month-on-month. The purchasing price index for manufactured goods decreased by 1.7 percent year-on-year while 0.2 percent of increase month-on-month. In the first nine months, on average, the Producer Price Index for manufactured goods kept the same level from that in the same period of 2018, while that of the purchasing price index for manufactured goods decreased by 0.3 percent.
1. Year-on-Year Changes of Prices of Different Categories
Among the PPI for manufactured goods, the year-on-year change of producer prices for means of production decreased by 2.0 percent, and the decline was 0.7 percentage point larger than that of last month, affecting 1.52 percentage points decrease in the overall level of producer price. Of which, producer prices for mining and quarrying industry increased by 0.6 percent; that of raw materials industry decreased by 4.8 percent; that of manufacturing and processing industry fell by 1.2 percent. Producer prices for consumer goods increased by 1.1 percent year-on-year, and the pace of increase enlarged 0.4 percentage point from the previous month, meaning 0.28 percentage point increase in the overall price level. Of which, producer prices for foodstuff, clothing, and commodities increased by 3.3, 0.9 and 0.8 percent, while that of durable consumer goods decreased by 1.8 percent.
In the Purchaser Price Index, the year-on-year purchaser price indices for agricultural and sideline products, building materials and non-metallic, and ferrous metal materials, jumped 4.7, 3.7 and 1.8 percent, while that of chemical raw materials, fuel and power, and non-ferrous metal materials and wires, decreased by 7.9, 4.2 and 1.5 percent respectively.
2. Month-on-Month Changes of Prices of Different Categories
Among the PPI for manufactured goods, the prices for means of production was flat month-on-month, Of the total, producer prices for mining and quarrying industry decreased by 0.5 percent, that of raw materials industry and manufacturing and processing industry unchanged. Producer prices for consumer goods increased by 0.5 percent, with the pace of growth enlarged 0.3 percentage point, meaning 0.13 percentage point increase in the overall price level. Of which, the producer prices for foodstuff went up by 1.0 percent, that of commodities went up by 0.3, and that of clothing and durable consumer goods both increased by 0.1 percent from the previous month.
The month-on-month purchaser price indices for agricultural and sideline products, non-ferrous metal materials and wires, and building materials and non-metallic products increased by 2.2, 0.9 and 0.4 percent respectively, while that of ferrous metals, fuel and power decreased by 1.0 and 0.1 percent respectively.