Interpretation: In March 2021, PPI Rose By 4.4% Year-On-Year And 1.6% Month On Month

In March 2021, the ex factory price of industrial producers in China increased by 4.4% year-on-year and 1.6% month on month; the purchase price of industrial producers increased by 5.2% year-on-year and 1.8% month on month. From January to March, the ex factory prices of industrial producers rose by 2.1% over the same period last year, and the purchase prices of industrial producers rose by 2.8%.

　　 1、 Year on year changes in industrial producer prices

Among the ex factory prices of industrial producers, the price of means of production rose by 5.8%, an increase of 3.5 percentage points over the previous month, which affected the overall level of ex factory prices of industrial producers by about 4.32 percentage points. Among them, the prices of mining industry, raw material industry and processing industry increased by 12.3%, 10.1% and 3.4%, respectively. The price of means of living decreased from 0.2% in the previous month to 0.1% in the previous month, which affected the overall level of ex factory prices of industrial producers to rise by about 0.04%. Among them, the price of food increased by 2.0%, the price of clothing decreased by 0.8%, the price of general daily necessities remained unchanged, and the price of durable consumer goods decreased by 1.4%.

Among the purchase prices of industrial producers, the prices of nonferrous metal materials and wires increased by 17.3%, the prices of ferrous metal materials increased by 15.6%, the prices of chemical raw materials increased by 7.1%, and the prices of fuel and power increased by 2.7%.

　　 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 2.0%, an increase of 0.9 percentage points over that of the previous month, which affected the overall level of ex factory prices of industrial producers by about 1.52 percentage points. Among them, the prices of mining industry, raw material industry and processing industry increased by 1.0%, 3.9% and 1.3%, respectively. The price of means of living rose by 0.2%, affecting the total level of industrial producers' ex factory prices by about 0.05 percentage points. Among them, the price of food increased by 0.2%, the price of clothing and durable consumer goods increased by 0.3%, and the price of general daily necessities was flat.

Among the purchase prices of industrial producers, the prices of chemical raw materials increased by 4.8%, the prices of non-ferrous materials and wires increased by 3.8%, the prices of ferrous materials increased by 3.0%, and the prices of fuel and power increased by 1.4%.