In December 2019, PPI Fell 0.5% Year-On-Year, Down 0.3%

In December 2019, the producer prices of industrial producers decreased by 0.5% compared with the same period last year, while the purchasing prices of industrial producers decreased by 1.3% compared with the same period last year. In 2019, the producer price of industrial producers dropped by 0.3% compared with the previous year, and the purchasing price of industrial producers dropped by 0.7%.

I. Changes in industrial producer prices over the same period

Producer prices fell by 1.2% over the previous year in industrial producer prices, narrowing 1.3 percentage points from last month, and affecting industrial producer prices by about 0.87 percentage points. Among them, the price of extractive industry increased by 2.6%, the price of raw material industry decreased by 2.6%, and the price of processing industry dropped by 0.9%. The price of living goods rose by 1.3% over the same period last year, or 0.3 percentage points lower than that of the previous month, affecting the total producer price level of industrial producers by about 0.34 percentage points. Among them, food prices rose by 5%, clothing prices fell by 0.1%, general commodity prices rose 0.1%, and durable consumer goods prices dropped by 2.4%.

In the purchasing price of industrial producers, the prices of farm and sideline products increased by 6.6%, the prices of building materials and nonmetals increased by 2.8%, ferrous metal materials prices increased by 0.9%, chemical raw materials prices dropped by 7.4%, fuel power prices dropped by 3.3%, non-ferrous metal materials and wire prices dropped 1.9%.

Two, the change of industrial producer price chain ratio.

Producer prices are flat in the producer price of industrial producers. Among them, the prices of extractive industries and processing industries rose by 0.1%, and the prices of raw materials industry were flat. The price of living goods decreased by 0.2%. Among them, prices of food and durable consumer goods decreased by 0.3%, clothing prices dropped by 0.2%, and general commodity prices dropped by 0.1%.

In the purchase price of industrial producers, the prices of building materials and nonmetals increased by 1.1%, the prices of ferrous metal materials and fuel power increased by 0.2%, the prices of agricultural and sideline products dropped by 0.6%, and the prices of non-ferrous metal materials and wires remained unchanged.