Producer Prices in the Industrial Sector for September 2021--Monthly Ecomomic Report-- All China Data

Producer Prices in the Industrial Sector for September 2021

http://data.acmr.com.cn 2021/10/20 National Bureau of Statistics of China

In September 2021, Producer Price Index (PPI) for manufactured goods rose by 10.7 percent year-on-year and 1.2 percent month-on-month. The purchasing price index for manufactured goods increased by 14.3 percent year-on-year and 1.1 percent month-on-month. In the first nine months, on average, the producer price of industrial products increased by 6.7 percent over the same period last year, and the purchasing price of industrial products increased by 9.3 percent.

1. Year-on-Year Changes of Prices of Different Categories

Among the PPI for manufactured goods, the price of means of production increased by 14.2 percent, affecting the overall level of producer prices of industrial producers up by about 10.60 percentage points. Among them, the price of mining industry increased by 49.4 percent, the price of raw material industry increased by 20.4 percent, and the price of processing industry increased by 8.9 percent. The price of means of consumer goods rose by 0.4 percent, affecting the overall level of producer prices of industrial producers up by about 0.11 percentage point. Among them, food prices rose by 0.7 percent, clothing and general daily necessities prices rose by 0.4 percent, and durable consumer goods prices rose by 0.2 percent.

Among the purchasing prices of industrial producers, the prices of fuel and power increased by 30.3 percent, the prices of ferrous metal materials increased by 23.3 percent, the prices of non-ferrous metal materials and wires increased by 22.6 percent, and the prices of chemical raw materials increased by 20.7 percent.

2. Month-on-Month Changes of Prices of Different Categories

Among the producer prices of industrial producers, the price of means of production increased by 1.5 percent, affecting the overall level of producer prices of industrial producers up by about 1.16 percentage points. Among them, the price of mining industry increased by 5.5 percent, the price of raw material industry increased by 1.9 percent, and the price of processing industry increased by 0.9 percent. The price of means of consumer goods was flat. Among them, the prices of food and general daily necessities decreased by 0.1 percent, the prices of clothing increased by 0.2 percent, and the prices of durable consumer goods were flat.

Among the purchase prices of industrial producers, the prices of fuel and power increased by 3.9 percent, the prices of non-ferrous metal materials and wires increased by 1.7 percent, and the prices of chemical raw materials increased by 1.0 percent; The price of ferrous metal materials decreased by 0.9 percent.