In December 2022, Producer Price Index (PPI) for manufactured goods decreased by 0.7 percent year-on-year and dropped by 0.5 percent month-on-month; the purchasing price of industrial products increased by 0.3 percent year-on-year and dropped by 0.4 percent month-on-month. In 2022, the producer price of industrial products increased by 4.1 percent over the previous year, and the purchasing price of industrial products increased by 6.1 percent.

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

Among the producer price of industrial products, the price of means of production decreased by 1.4 percent, affecting the overall level of producer price of industrial products decreased by about 1.09 percentage points. Among them, the price of mining industry increased by 1.7 percent, the price of raw materials industry increased by 1.2 percent, and the price of processing industry decreased by 2.7 percent. The price of means of living increased by 1.8 percent, affecting the overall level of producer price of industrial products increased by about 0.44 percentage point. Among them, food prices increased by 3.2 percent, clothing prices increased by 2.4 percent, general commodity prices increased by 1.3 percent, and durable consumer goods prices increased by 0.6 percent.

 Among the purchase prices of industrial producers, the price of fuel and power increased by 7.6 percent, the price of agricultural and sideline products increased by 7.0 percent. the price of ferrous metal materials decreased by 9.2 percent, the price of building materials and non-metallic decreased by 6.1 percent, the price of chemical raw materials decreased by 4.6 percent, the price of non-ferrous metal materials and wires decreased by 1.9 percent.

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

Among the producer price of industrial products, the price of means of production decreased by 0.6 percent, affecting the overall level of producer price of industrial products decreased by about 0.42 percentage points. Among them, the price of mining industry decreased by 1.4 percent, the price of raw materials industry decreased by 0.8 percent, and the price of processing industry decreased by 0.3 percent. The price of means of living decreased by 0.2 percent, affecting the overall level of producer price of industrial products decreased by about 0.04 percentage point. Among them, food prices decreased by 0.6 percent, clothing prices decreased by 0.2 percent, general commodity prices and durable consumer goods prices all increased by 0.1 percent.

Among the purchase prices of industrial producers, the price of agricultural and sideline products decreased by 1.8 percent, the price of chemical raw materials decreased by 0.9 percent, the price of fuel and power decreased by 0.7 percent, and the price of building materials and non-metallic decreased by 0.1 percent; the price of non-ferrous metal materials and wires increased by 0.9 percent, while the price of ferrous metal materials increased by 0.4 percent.