In October 2021, Producer Price Index (PPI) for manufactured goods rose by 13.5 percent year-on-year and 2.5 percent month-on-month. The purchasing price index for manufactured goods increased by 17.1 percent year-on-year and 2.6 percent month-on-month. In the first ten months, on average, the producer price of industrial products increased by 7.3 percent over the same period last year, and the purchasing price of industrial products increased by 10.1 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 17.9 percent, affecting 13.36 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 66.5, 25.7 and 10.8 percent. Producer prices for consumer goods increased by 0.6 percent, meaning 0.15 percentage point increase in the overall price level. Of which, producer prices for foodstuff increased by 1.0 percent, and that of clothing and commodities both rose by 0.8 percent, while that of durable consumer goods decreased by 0.1 percent.
Among the purchaser price index, the year-on-year purchaser price indices for fuel and power, non-ferrous metal materials and wires, chemical raw materials and ferrous metal materials jumped by 40.7, 25.8, 24.9 and 22.6 percent respectively.
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 3.3 percent month-on-month, affecting 2.51 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 12.1, 4.4 and 1.8 percent. The prices of consumer goods increased by 0.1 percent, affecting 0.02 percentage point increase in the overall level of producer price. Of which, the producer prices for foodstuff grew by 0.2 percent, and that of clothing and commodities both increased by 0.3 percent, while that of durable consumer goods dropped by 0.2 percent.
The month-on-month purchaser price indices for fuel and power, chemical raw materials, non-ferrous metal materials and wire, respectively increased by 7.7, 4.4 and 2.4 percent, while that of ferrous metals materials decreased by 0.4 percent.