In February 2021, Producer Price Index (PPI) for manufactured goods rose by 1.7 percent year-on-year and 0.8 percent month-on-month. The purchasing price index for manufactured goods increased by 2.4 percent year-on-year and 1.2 percent month-on-month. From January to February, on average, the producer price of industrial products increased by 1.0 percent over the same period last year, and the purchasing price of industrial products increased by 1.6 percent.
1. Year-on-Year Changes of Prices of Different Categories
Among the PPI for manufactured goods, the year-on-year producer prices for means of production increased by 2.3 percent, and the pace of growth enlarged 1.8 percentage points than that of last month, affecting 1.71 percentage points increase in the overall level of producer price. Of which, producer prices for mining and quarrying industry, raw materials industry, manufacturing and processing industry increased by 6.8, 2.9 and 1.7 percent. Producer prices for consumer goods decreased by 0.2 percent year-on-year, and kept the same pace of decline over last month, meaning 0.05 percentage point decrease in the overall price level. Of which, producer prices for foodstuff increased by 1.6 percent, while that of clothing and commodities fell 1.3 and 0.1 percent, that of durable consumer goods decreased by 1.8 percent.
Among the purchaser price index, the year-on-year purchaser price indices for ferrous metal materials and non-ferrous metal materials and wires, chemical raw materials jumped by 11.6, 10.3 and 0.3 percent; while that of fuel and power decreased by 1.0 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 1.1 percent month-on-month, lower 0.1 percentage point over last month, affecting 0.80 percentage point increase in the overall level of producer price. Of the total, producer prices for mining and quarrying industry increased by 2.8 percent, that of raw materials industry increased by 2.1 percent and that of manufacturing and processing industry rose by 0.4 percent. The prices of consumer goods changed from increase to flat. Of which, the producer prices for foodstuff increased by 0.2 percent, that of clothing and commodities both unchanged, while that of durable consumer goods decreased by 0.2 percent.
The month-on-month purchaser price indices for fuel and power, ferrous metals materials, chemical raw materials, and non-ferrous metal materials and wire respectively increased by 3.3, 2.2, 1.3 and 1.2 percent.