In January 2020, Producer Price Index (PPI) for manufactured goods rose by 0.1 percent year-on-year while unchanged month-on-month. The purchasing price index for manufactured goods decreased by 0.3 percent year-on-year while increased 0.2 percent month-on-month.
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 0.4 percent, and the decline narrowed 0.8 percentage point than that of last month, affecting 0.27 percentage point decrease in the overall level of producer price. Of which, producer prices for mining and quarrying industry increased by 4.7 percent; that of raw materials industry decreased by 0.8 percent; that of manufacturing and processing industry fell by 0.6 percent. Producer prices for consumer goods increased by 1.3 percent year-on-year, and the growth rate unchanged with the previous month, meaning 0.35 percentage point increase in the overall price level. Of which, producer prices for foodstuff increased by 5.1 percent, while that of clothing decreased by 0.3 percent, that of commodities unchanged, while that of durable consumer goods decreased by 2.3 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 7.0, 2.9 and 1.6 percent, while that of chemical raw materials, non-ferrous metal materials and wires, and fuel and power, decreased by 6.1, 0.7 and 0.2 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 raw materials industry increased by 0.8 and 0.3 percent, that of manufacturing and processing industry decreased by 0.1 percent, that of consumer goods unchanged. Of which, the producer prices for foodstuff and clothing were both flat, and that of commodities and durable consumer goods both went down by 0.1 percent.
The month-on-month purchaser price indices for fuel and power, non-ferrous metal and wires rose by 1.0 and 0.4 percent; that of ferrous metals materials, building materials and non-metallic products all increased by 0.1 percent; while that of agricultural and sideline products unchanged.