Producer Prices in the Industrial Sector for February 2022--Monthly Ecomomic Report-- All China Data

Producer Prices in the Industrial Sector for February 2022

http://data.acmr.com.cn 2022/3/30 National Bureau of Statistics of China

In February 2022, Producer Price Index (PPI) for manufactured goods rose by 8.8 percent year-on-year and 0.5 percent month on month; the purchase price of industrial producers increased by 11.2 percent year-on-year and 0.4 percent month on month. From January to February, on average, the producer price of industrial products increased by 8.9 percent over the same period last year, and the purchasing price of industrial products increased by 11.6 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 11.4 percent, affecting the overall level of producer price of industrial products up by about 8.56 percentage points. Among them, the price of mining industry increased by 33.0 percent, the price of raw material industry increased by 17.9 percent, and the price of processing industry increased by 6.6 percent. The price of means of living rose by 0.9 percent, affecting the overall level of producer price of industrial products up by about 0.21 percentage points. Among them, food prices rose by 0.5 percent, clothing prices rose by 1.4 percent, general commodity prices rose by 1.5 percent, and durable consumer goods prices rose by 0.7 percent.

Among the purchaser prices of industrial products, the prices of fuel and power increased by 27.6 percent, the prices of non-ferrous metal materials and wires increased by 17.5 percent, the prices of chemical raw materials increased by 16.8 percent, and the prices of ferrous metal materials increased by 7.7 percent.

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

Among the PPI for manufactured goods, the price of means of production increased by 0.7 percent, affecting the overall level of producer price of industrial products up by about 0.52 percentage point. Among them, the price of mining industry increased by 1.3 percent, the price of raw material industry increased by 1.9 percent, and the price of processing industry increased by 0.1 percent. The price of means of living rose by 0.1 percent, affecting the overall level of producer price of industrial products up by about 0.02 percentage point. Among them, the price of food increased by 0.2 percent, the price of clothing decreased by 0.1 percent, the price of general daily necessities increased by 0.2 percent, and the price of durable consumer goods decreased by 0.1 percent.

Among the purchaser prices of industrial products, the prices of fuel and power increased by 1.4 percent, the prices of non-ferrous metal materials and wires increased by 1.3 percent, the prices of chemical raw materials increased by 0.4 percent, and the prices of ferrous metal materials increased by 0.3 percent.