In October 2019, The Producer Price Of Industrial Producers Dropped By 1.6% Compared To The Same Period Last Year.

In October 2019, the producer prices of industrial producers fell by 1.6% over the same period last year, rising by 0.1% compared with the same period, and the purchasing prices of industrial producers fell by 2.1% compared with the same period last year, rising by 0.2% over the same period. From January to October, on average, the ex factory price of industrial producers decreased by 0.2% compared with the same period last year, and the purchase price of industrial producers decreased by 0.5%.

I. Changes in industrial producer prices over the same period

Producer prices fell by 2.6% year-on-year in the producer price of industrial producers, a 0.6 percentage point increase from last month, and a drop of about 1.95 percentage points to the total level of producer prices. Among them, the price of the extractive industry dropped by 1.9%, the price of raw material industry decreased by 5.6%, and the price of processing industry dropped by 1.5%. The price of living goods rose by 1.4% over the same period last year, an increase of 0.3 percentage points from last month, affecting the total producer price level of industrial producers by about 0.36 percentage points. Among them, food prices rose 4.4%, clothing prices rose 0.6%, general commodity prices rose 0.4%, durable consumer goods prices fell 1.8%.

In the purchasing price of industrial producers, the prices of farm and sideline products increased by 6.3%, the prices of building materials and nonmetals increased by 3.1%, ferrous metal materials prices increased by 0.8%, chemical raw materials prices dropped by 8.5%, fuel power prices dropped by 5.5%, non-ferrous metal materials and wire prices dropped 2.4%.

Two, the change of industrial producer price chain ratio.

Producer prices are flat in the producer price of industrial producers. Among them, mining industry prices rose 0.2%, raw material industry prices were flat, processing industry prices fell by 0.1%. The price of living goods rose 0.3%, or 0.2 percentage points lower than last month. Among them, food prices rose by 1.1%, clothing prices were flat, general commodity prices fell by 0.2%, and durable consumer goods prices dropped by 0.1%.

In the purchasing price of industrial producers, the prices of farm and sideline products increased by 1.8%, fuel power prices increased by 0.4%, construction materials and non-metallic prices increased by 0.3%, ferrous metal materials, non-ferrous metal materials and wire prices dropped by 0.2%.