In September 2020, Producer Price Index (PPI) for manufactured goods dropped by 2.1 percent year-on-year and rose by 0.1 percent month-on-month. The purchasing price index for manufactured goods decreased by 2.3 percent year-on-year and increased by 0.4 percent month-on-month. From January to September, the producer price index for manufactured goods decreased by 2.0 percent year-on-year, and the purchasing price index for manufactured goods decreased by 2.6 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 2.8 percent, and the pace of decline narrowed 0.2 percentage point than that of last month, affecting 2.05 percentage points decrease in the overall level of producer price. Of which, producer prices for mining and quarrying industry decreased by 4.8 percent; that of raw materials industry decreased by 6.2 percent; that of manufacturing and processing industry fell by 1.3 percent. Producer prices for consumer goods changed from 0.6 percent of increase in last month into 0.1 percent of decrease year-on-year, meaning 0.02 percentage point decrease in the overall price level. Of which, producer prices for foodstuff increased by 2.1 percent, while that of clothing decreased by 1.7 percent, and that of commodities and durable consumer goods decreased by 0.8 and 1.9 percent.
Among the purchaser price index, the year-on-year purchaser price indices for fuel and power ad chemical raw materials decreased by 9.3 and 7.8 percent respectively; while that of agricultural and sideline products, non-ferrous metal materials and wires and ferrous metal materials jumped by 3.9, 2.9 and 1.8 percent.
2. Month-on-Month Changes of Prices of Different Categories
Among the PPI for manufactured goods, the prices for means of production went up by 0.2 percent month-on-month, lower 0.2 percentage point over last month, affecting 0.13 percentage point increase in the overall level of producer price. Of the total, producer prices for mining and quarrying industry, raw materials industry and manufacturing and processing industry increased by 0.6, 0.3 and 0.1 percent; that of consumer goods changed from 0.1 percent of increase in last month into 0.1 percent of decrease, affecting 0.03 percentage point decrease in the overall level of producer price. Of which, the producer prices for foodstuff unchanged, that of clothing, commodities and durable consumer goods decreased by 0.2, 0.1 and 0.3 percent.
The month-on-month purchaser price indices for ferrous metals materials and non-ferrous metal materials and wires increased by 1.3 and 0.9 percent, that of fuel and power, building materials and non-metallic products all rose by 0.5 percent; and that of agricultural and sideline products kept the same level.