In November 2020, The Ex Factory Price Of Industrial Producers Will Drop By 1.5% Year On Year

Producer prices rose by 1.5% year-on-year, while producer prices fell by 11.5% year-on-year in 2020. From January to November, the ex factory price of industrial producers decreased by 2.0% compared with the same period last year, and the purchase price of industrial producers decreased by 2.5%.

1、 Year on year changes in industrial producer prices

Among the ex factory prices of industrial producers, the price of means of production decreased by 1.8%, 0.9% lower than that of the previous month, which affected the overall level of ex factory prices of industrial producers by about 1.34%. Among them, the prices of mining industry, raw material industry and processing industry decreased by 3.6%, 4.2% and 0.8%, respectively. The price of means of living decreased by 0.8%, an increase of 0.3 percentage points compared with the previous month, which affected the overall level of the ex factory price of industrial producers by about 0.20%. Among them, the price of food increased by 0.1%, the price of clothing and durable consumer goods decreased by 1.8%, and the price of general daily necessities decreased by 0.5%.

Among the purchase prices of industrial producers, the prices of nonferrous metals and wires increased by 4.0%, the prices of ferrous metals increased by 3.5%, the prices of fuel and power decreased by 8.4%, and the prices of chemical raw materials decreased by 4.6%.

2、 Month on month changes in industrial producer prices

Among the ex factory prices of industrial producers, the price of means of production rose by 0.7%, an increase of 0.6% over the previous month, which affected the overall level of ex factory prices of industrial producers by about 0.50%. Among them, the prices of mining industry, raw material industry and processing industry increased by 0.8%, 1.5% and 0.4%, respectively. The price of means of living decreased from 0.1% in the previous month to 0.1% higher, which affected the overall level of industrial producers' ex factory prices to rise by about 0.02%. Among them, the price of food rose by 0.3%, the price of clothing and general daily necessities were flat, and the price of durable consumer goods decreased by 0.2%.

Among the purchase prices of industrial producers, the price of chemical raw materials increased by 1.7%, the price of fuel and power increased by 1.2%, the price of non-ferrous metal materials and wires increased by 0.8%, and the price of ferrous metal materials increased by 0.3%.