Data Analysis: The Ex Factory Prices Of Industrial Producers Increased Compared With The Same Period Last Year

In August 2022, the ex factory prices of industrial producers in China increased by 2.3% year-on-year and decreased by 1.2% month on month; The purchase price of industrial producers increased by 4.2% year-on-year and decreased by 1.4% month on month. From January to August, the ex factory prices of industrial producers rose by 6.6% over the same period last year, and the purchase prices of industrial producers rose by 9.1%.

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 2.4%, which affected the overall level of ex factory prices of industrial producers by about 1.87 percentage points. Among them, the price of mining industry increased by 10.1%, the price of raw material industry increased by 7.8%, and the price of processing industry decreased by 0.7%. The price of means of living rose by 1.6%, which affected the rise of the total ex factory price of industrial producers by about 0.38%. Among them, food prices increased by 3.7%, clothing prices increased by 2.2%, prices of general daily necessities increased by 1.5%, and prices of durable consumer goods decreased by 0.6%.

Among the purchase prices of industrial producers, the price of fuel and power increased by 19.5%, and the price of chemical raw materials increased by 4.5%; The prices of ferrous metal materials decreased by 10.8%, while those of non-ferrous materials and wires dropped by 0.6%.

2、 Month on month changes in industrial producer prices

Among the ex factory prices of industrial producers, the price of means of production decreased by 1.6%, which affected the overall level of ex factory prices of industrial producers by about 1.18 percentage points. Among them, the price of industrial materials decreased by 4.5%, while the price of industrial materials decreased by 4.9%. The price of means of living decreased by 0.1%. Among them, the prices of food and general daily necessities were flat, the price of clothing increased by 0.3%, and the price of durable consumer goods decreased by 0.4%.

Among the purchase prices of industrial producers, the prices of ferrous metal materials, chemical raw materials, nonferrous metals and wires, fuel and power decreased by 3.1%, 2.8%, 2.4% and 2.2%, respectively.