In May 2021, Producer Price Index (PPI) for manufactured goods rose by 9.0 percent year-on-year and 1.6 percent month-on-month. The purchasing price index for manufactured goods increased by 12.5 percent year-on-year and 1.9 percent month-on-month. From January to May, on average, the producer price of industrial products increased by 4.4 percent over the same period last year, and the purchasing price of industrial products increased by 5.9 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 12.0 percent, and the pace of growth enlarged 2.9 percentage points than that of last month, affecting 8.87 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 36.4, 18.8 and 7.4 percent. Producer prices for consumer goods increased by 0.5 percent, and the pace of growth enlarged 0.2 percentage point, meaning 0.14 percentage point increase in the overall price level. Of which, producer prices for foodstuff increased by 2.2 percent, while that of clothing fell by 0.6 percent, that of commodities rose by 0.5 percent, and that of durable consumer goods decreased by 0.8 percent.
Among the purchaser price index, the year-on-year purchaser price indices for non-ferrous metal materials and wires, ferrous metal materials, fuel and power and chemical raw materials jumped by 28.0, 26.8, 20.7 and 17.0 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 2.1 percent month-on-month, higher 0.9 percentage point over last month, affecting 1.58 percentage points 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 rose by 6.5, 2.1 and 1.7 percent. The prices of consumer goods increased by 0.1 percent, unchanged over last month, affecting 0.03 percentage point increase in the overall level of producer price. Of which, the producer prices for foodstuff and clothing were flat, while that of commodities and durable consumer goods rose by 0.4 and 0.1 percent.
The month-on-month purchaser price indices for ferrous metals materials, non-ferrous metal materials and wire, fuel and power, and chemical raw materials, respectively increased by 5.1, 4.1, 2.8 and 1.3 percent.