Producer Prices in the Industrial Sector for August 2022
National Bureau of Statistics of China2022-09-10 09:30




In August 2022, Producer Price Index (PPI) for manufactured goods increased by 2.3 percent year-on-year and dropped by 1.2 percent month-on-month; the purchasing price of industrial products increased by 4.2 percent year-on-year and dropped by 1.4 percent month-on-month. From January to August, the producer price of industrial products increased by 6.6 percent over the same period last year, and the purchasing price of industrial products increased by 9.1 percent.

 

 

 

1. Year-on-Year Changes of Prices of Different Categories

 

Among the producer price of industrial products, the price of means of production increased by 2.4 percent, affecting the overall level of producer price of industrial products increased by about 1.87 percentage points. Among them, the price of mining industry increased by 10.1 percent, the price of raw materials industry increased by 7.8 percent, and the price of processing industry decreased by 0.7 percent. The price of means of living increased by 1.6 percent, affecting the overall level of producer price of industrial products increased by about 0.38 percentage point. Among them, food prices increased by 3.7 percent, clothing prices increased by 2.2 percent, general commodity prices increased by 1.5 percent, and durable consumer goods prices decreased by 0.6 percent.

 

 

 

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

 

2. Month-on-Month Changes of Prices of Different Categories

 

Among the producer price of industrial products, the price of means of production decreased by 1.6 percent, affecting the overall level of producer price of industrial products decreased by about 1.18 percentage points. Among them, the price of the mining industry decreased by 4.5 percent, the price of the raw material industry decreased by 2.4 percent, and the price of the processing industry decreased by 0.9 percent. The price of means of living decreased by 0.1 percent. Among them, food prices and general commodity prices were flat, clothing prices increased by 0.3 percent, and durable consumer goods prices decreased by 0.4 percent.

 

Among the purchase prices of industrial producers, the price of ferrous metal materials decreased by 3.1 percent, the price of chemical raw materials decreased by 2.8 percent, the price of non-ferrous metal materials and wires decreased by 2.4 percent, and the price of fuel and power decreased by 2.2 percent.

 

Price Indexes for the Industrial Sector in August 2022

 

 

M/M (%)

Y/Y (%)

Jan-Aug

Growth Rate (%)

I. Producer Price Indices

-1.2

2.3

6.6

Means of production

-1.6

2.4

8.3

Mining and quarrying

-4.5

10.1

28.1

Raw materials

-2.4

7.8

14.9

Processing

-0.9

-0.7

3.7

Means of subsistence

-0.1

1.6

1.2

Food

0.0

3.7

2.0

Clothing

0.3

2.2

1.5

Articles for daily use

0.0

1.5

1.6

Durable consumer goods

-0.4

-0.6

0.0

II. Purchaser Price Indices

-1.4

4.2

9.1

Fuel and Power

-2.2

19.5

28.5

Ferrous Metals

-3.1

-10.8

0.3

Non-ferrous Metal Materials and Wires

-2.4

-0.6

10.2

Chemical Raw Materials

-2.8

4.5

11.7

Wood and Pulp

0.1

4.6

4.4

Building Materials and Non-metallic

-1.0

2.9

7.2

Other Industrial Raw Materials and Semi-products

-0.3

1.1

3.0

Agricultural and Sideline Products

-0.3

7.8

3.1

Textile Raw Materials

-1.3

4.3

7.8

III. Producer Price Indices of Major Industries

     

Mining and Washing of Coal

-4.3

8.6

36.0

Extraction of Petroleum and Natural Gas

-7.3

35.0

44.7

Mining of Ferrous Metal Ores

-6.8

-29.5

-14.5

Mining of Non-Ferrous Metal Ores

-1.1

4.6

10.3

Mining and Processing of Nonmetal Ores

0.1

6.3

6.5

Processing of Food from Agricultural Products

-0.2

6.5

3.2

Manufacture of Foods

-0.2

3.7

4.3

Manufacture of Wines, Beverage and Refined Tea

0.3

1.2

0.8

Manufacture of Cigarettes and Tobacco

0.0

0.5

0.8

Manufacture of Textile

-0.9

2.5

5.9

Manufacture of Textile Wearing Apparel and Ornament

0.3

1.9

1.1

Processing of Timbers, Manufacture of Wood, Bamboo, Rattan, Palm, and Straw Products

-0.2

1.6

2.5

Manufacture of Paper and Paper Products

-0.4

0.7

1.5

Printing, Reproduction of Recording Media

-0.3

0.8

1.2

Processing of Petroleum, Coking, Processing of Nucleus Fuel

-4.8

21.3

31.2

Manufacture of Chemical Raw Material and Chemical Products

-3.7

4.5

14.0

Manufacture of Medicines

-0.3

0.4

0.5

Manufacture of Chemical Fibers

-2.1

2.2

6.8

Manufacture of Rubber and Plastics Products

-1.0

0.5

2.7

Manufacture of Non-metallic Mineral Products

-1.0

1.4

5.4

Manufacture and Processing of Ferrous Metals

-4.1

-15.1

1.0

Manufacture and Processing of Non-Ferrous Metals

-2.0

-1.5

11.5

Manufacture of Fabricated Metal Products

-1.1

-0.2

4.6

Manufacture of General- Purpose Machinery

0.0

0.6

1.6

Manufacture of Motor Vehicles

-0.2

0.0

0.5

Manufacture of Railway Locomotives, Building of Ships and Boats, Manufacture of Air and Spacecrafts and Other Transportation Equipments

0.0

1.2

1.7

Manufacture of Computer, Communication Equipment and Other Electronic Equipment

-0.2

-0.4

0.7

Production and Supply of Electric Power and Heat Power

0.3

9.2

8.9

Production and Distribution of Gas

0.0

18.6

17.4

Production and Distribution of Water

0.1

1.2

1.4

 

Annotations:

 

1. Explanatory Notes

 

Producer Price Index for manufactured goods consists of producer price index and purchaser price index.

 

The industrial producer price index reflects the trend and level of prices change when the products are sold for the first time.

 

The industrial purchaser price index reflects the trend and level of prices change for the products purchased by the industrial enterprises as intermediate inputs.

 

2. Statistical Coverage

 

The factory price survey of industrial producers covers the prices of industrial products in 40 major industrial categories and more than 1300 basic categories; the purchase price survey of industrial producers covers the prices of industrial products in 9 major categories and more than 800 basic categories.

 

3. Survey Methods

 

The industrial producer price survey adopts the method of combining key survey with typical survey, involving more than 40,000 industrial enterprises in China.

 

4. Statistical Standard

 

Industrial Classification is based on the “Industrial Classification for National Economic Activities” (GB/T4754-2017).

 

5. Data Description

 

Due to "rounding-off", sometimes the aggregate data is the same as the high or low value of the classified data.

Annex
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