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Location: Data Center > Finance News > Content
 
Producer Prices for the Industrial Sector for December 2019

http://data.acmr.com.cn  2020/1/10  National Bureau of Statistics of China


In December 2019, Producer Price Index (PPI) for manufactured goods decreased by 0.5 percent year-on-year while unchanged month-on-month. The purchasing price index for manufactured goods decreased by 1.3 percent year-on-year while unchanged month-on-month. In 2019, the PPI for manufactured goods decreased by 0.3 percent from that in the same period of 2018, while that of the purchasing price index for manufactured goods decreased by 0.7 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 1.2 percent, and the decline narrowed 1.3 percentage points than that of last month, affecting 0.87 percentage point decrease in the overall level of producer price. Of which, producer prices for mining and quarrying industry increased by 2.6 percent; that of raw materials industry decreased by 2.6 percent; that of manufacturing and processing industry fell by 0.9 percent. Producer prices for consumer goods increased by 1.3 percent year-on-year, and the pace of increase fell 0.3 percentage point from the previous month, meaning 0.34 percentage point increase in the overall price level. Of which, producer prices for foodstuff increased by 5.0 percent, while that of clothing decreased by 0.1 percent, that of commodities increased by 0.1 percent, while that of durable consumer goods decreased by 2.4 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 6.6, 2.8 and 0.9 percent, while that of chemical raw materials, fuel and power, and non-ferrous metal materials and wires, decreased by 7.4, 3.3 and 1.9 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, and manufacturing and processing industry increased by 0.1 percent, that of raw materials industry unchanged. Producer prices for consumer goods decreased by 0.2 percent. Of which, the producer prices for foodstuff and durable consumer goods went down by 0.3 percent, that of clothing and commodities decreased by 0.2 and 0.1  percent from the previous month respectively.

 

The month-on-month purchaser price indices for building materials and non-metallic products increased by 1.1 percent; that of ferrous metals materials, and fuel and power both increased by 0.2 percent, while that of agricultural and sideline products fell 0.6 percent; and that of non-ferrous metal and wires unchanged.



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