National Bureau Of Statistics: PPI Fell 2.5% Year-On-Year In January, 0.2% Month On Month

In January 2024, affected by the fluctuation of international commodity prices, the factory prices of industrial producers across the country fell by 2.5% year on year, 0.2% month on month, 0.2 and 0.1 percentage points lower than that of last month respectively; The purchase price of industrial producers fell by 3.4% year-on-year, narrowing by 0.4 percentage points, and 0.2% month on month, the same as that of last month.

1、 YoY changes in industrial producer prices in January

Among the ex factory prices of industrial producers, the price of means of production fell by 3.0%, 0.3 percentage points lower than that of the previous month, which affected the overall level of ex factory prices of industrial producers by about 2.23 percentage points. Among them, the price of mining industry dropped by 6.0%, the price of raw material industry dropped by 2.3%, and the price of processing industry dropped by 3.1%, all of which narrowed. The price of means of living fell by 1.1%, 0.1 percentage point lower than that of the previous month, and the overall level of factory prices of industrial producers was affected by a decline of about 0.29 percentage point. Among them, food prices fell by 1.0%, clothing prices rose by 0.1%, general commodity prices remained flat, and durable consumer goods prices fell by 2.3%.

Among the purchase prices of industrial producers, the prices of building materials and non-metallic materials dropped by 7.0%, the prices of fuel and power dropped by 6.7%, the prices of agricultural and sideline products dropped by 5.8%, and the prices of chemical raw materials dropped by 5.7%; The price of ferrous materials was flat; The prices of non-ferrous materials and wires rose by 1.5%.

2、 Change of industrial producer prices in January on a month on month basis

Among the ex factory prices of industrial producers, the price of means of production decreased by 0.2%, 0.1 percentage points lower than that of the previous month, which affected the overall level of ex factory prices of industrial producers by about 0.17 percentage points. Among them, the price of mining industry rose by 0.2%, the price of raw material industry fell by 0.2%, and the price of processing industry fell by 0.3%. The price of means of living fell by 0.2%, 0.1 percentage point more than that of the previous month, which affected the overall level of factory prices of industrial producers by about 0.05 percentage point. Among them, the price of food fell by 0.1%, the price of clothing fell by 0.2%, the price of general daily necessities remained flat, and the price of durable consumer goods fell by 0.4%.

Among the purchase prices of industrial producers, the prices of agricultural and sideline products fell by 1.0%, the prices of fuel power and chemical raw materials fell by 0.8%, and the prices of building materials and non-metallic materials fell by 0.1%; The price of ferrous materials rose by 0.8%, and the price of nonferrous materials and wires rose by 0.3%.