Producer Prices in the Industrial Sector for October 2022
In October 2022, Producer Price Index (PPI) for manufactured goods decreased by 1.3 percent year-on-year and rose by 0.2 percent month-on-month; the purchasing price of industrial products increased by 0.3 percent year-on-year and rose by 0.3 percent month-on-month. From January to October, the producer price of industrial products increased by 5.2 percent over the same period last year, and the purchasing price of industrial products increased by 7.5 percent.
1. Year-on-Year Changes of Prices of Different Categories
Among the producer price of industrial products, the price of means of production decreased by 2.5 percent, affecting the overall level of producer price of industrial products decreased by about 1.81 percentage points. Among them, the price of mining industry decreased by 6.7 percent, the price of raw materials industry increased by 1.2 percent, and the price of processing industry decreased by 3.5 percent. The price of means of living increased by 2.2 percent, affecting the overall level of producer price of industrial products increased by about 0.51 percentage point. Among them, food prices increased by 4.6 percent, clothing prices increased by 2.5 percent, general commodity prices increased by 1.6 percent, and durable consumer goods prices increased by 0.2 percent.
Among the purchase prices of industrial producers, the price of agricultural and sideline products increased by 11.1 percent, the price of fuel and power increased by 7.3 percent; the price of ferrous metal materials decreased by 12.3 percent, the price of building materials and non-metallic decreased by 5.1 percent, the price of non-ferrous metal materials and wires decreased by 4.9 percent, and the price of chemical raw materials decreased by 2.8 percent.
2. Month-on-Month Changes of Prices of Different Categories
Among the producer price of industrial products, the price of means of production increased by 0.1 percent, affecting the overall level of producer price of industrial products increased by about 0.07 percentage points. Among them, the price of mining industry increased by 1.0 percent, the price of raw materials industry decreased by 0.1 percent, and the price of processing industry increased by 0.1 percent. The price of means of living increased by 0.5 percent, affecting the overall level of producer price of industrial products increased by about 0.14 percentage point. Among them, food prices increased by 0.6 percent, clothing prices increased by 0.5 percent, general commodity prices increased by 0.3 percent, and durable consumer goods prices increased by 0.7 percent.
Among the purchase prices of industrial producers, the price of ferrous metal materials decreased by 1.0 percent, the price of chemical raw materials decreased by 0.1 percent, the price of agricultural and sideline products increased by 1.4 percent, the price of fuel and power increased by 1.1 percent, the price of building materials and non-metallic increased by 0.5 percent, and the price of non-ferrous metal materials and wires increased by 0.3 percent.
Price Indexes for the Industrial Sector in October 2022
|
M/M （%） |
Y/Y （%） |
Jan-Oct Growth Rate (%) |
|
|
I. Producer Price Indices |
0.2 |
-1.3 |
5.2 |
|
Means of production |
0.1 |
-2.5 |
6.4 |
|
Mining and quarrying |
1.0 |
-6.7 |
20.8 |
|
Raw materials |
-0.1 |
1.2 |
12.4 |
|
Processing |
0.1 |
-3.5 |
2.4 |
|
Means of subsistence |
0.5 |
2.2 |
1.4 |
|
Food |
0.6 |
4.6 |
2.5 |
|
Clothing |
0.5 |
2.5 |
1.7 |
|
General Commodity |
0.3 |
1.6 |
1.6 |
|
Durable consumer goods |
0.7 |
0.2 |
0.0 |
|
II. Purchaser Price Indices |
0.3 |
0.3 |
7.5 |
|
Fuel and Power |
1.1 |
7.3 |
24.4 |
|
Ferrous Metals |
-1.0 |
-12.3 |
-2.3 |
|
Non-ferrous Metal Materials and Wires |
0.3 |
-4.9 |
7.2 |
|
Chemical Raw Materials |
-0.1 |
-2.8 |
9.1 |
|
Wood and Pulp |
0.3 |
5.2 |
4.6 |
|
Building Materials and Non-metallic |
0.5 |
-5.1 |
5.2 |
|
Other Industrial Raw Materials and Semi-products |
0.1 |
0.5 |
2.6 |
|
Agricultural and Sideline Products |
1.4 |
11.1 |
4.5 |
|
Textile Raw Materials |
-0.6 |
0.6 |
6.5 |
|
III. Producer Price Indices of Major Industries |
|
|
|
|
Mining and Washing of Coal |
3.0 |
-16.5 |
23.5 |
|
Extraction of Petroleum and Natural Gas |
-2.2 |
21.0 |
40.6 |
|
Mining of Ferrous Metal Ores |
-1.4 |
-18.9 |
-16.0 |
|
Mining of Non-Ferrous Metal Ores |
1.1 |
4.4 |
9.0 |
|
Mining and Processing of Nonmetal Ores |
0.3 |
4.9 |
6.3 |
|
Processing of Food from Agricultural Products |
1.4 |
8.7 |
4.2 |
|
Manufacture of Foods |
0.3 |
3.2 |
4.1 |
|
Manufacture of Wines, Beverage and Refined Tea |
-0.1 |
1.5 |
0.9 |
|
Manufacture of Cigarettes and Tobacco |
0.0 |
0.5 |
0.7 |
|
Manufacture of Textile |
-0.4 |
-0.2 |
4.8 |
|
Manufacture of Textile Wearing Apparel and Ornament |
0.3 |
1.7 |
1.3 |
|
Processing of Timbers, Manufacture of Wood, Bamboo, Rattan, Palm, and Straw Products |
0.1 |
0.3 |
2.2 |
|
Manufacture of Paper and Paper Products |
-0.1 |
-0.5 |
1.1 |
|
Printing, Reproduction of Recording Media |
0.1 |
0.8 |
1.1 |
|
Processing of Petroleum, Coking, Processing of Nucleus Fuel |
-0.6 |
8.6 |
27.0 |
|
Manufacture of Chemical Raw Material and Chemical Products |
0.4 |
-4.4 |
10.6 |
|
Manufacture of Medicines |
0.1 |
0.1 |
0.4 |
|
Manufacture of Chemical Fibers |
-0.7 |
-1.1 |
5.6 |
|
Manufacture of Rubber and Plastics Products |
-0.2 |
-1.3 |
2.0 |
|
Manufacture of Non-metallic Mineral Products |
0.6 |
-7.6 |
3.3 |
|
Manufacture and Processing of Ferrous Metals |
-0.4 |
-21.1 |
-3.5 |
|
Manufacture and Processing of Non-Ferrous Metals |
-0.1 |
-7.8 |
7.7 |
|
Manufacture of Fabricated Metal Products |
-0.1 |
-2.3 |
3.3 |
|
Manufacture of General-Purpose Machinery |
0.1 |
0.1 |
1.4 |
|
Manufacture of Motor Vehicles |
-0.1 |
-0.3 |
0.3 |
|
Manufacture of Railway Locomotives, Building of Ships and Boats, Manufacture of Air and Spacecrafts and Other Transportation Equipments |
0.2 |
1.0 |
1.5 |
|
Manufacture of Computer, Communication Equipment and Other Electronic Equipment |
0.9 |
0.6 |
0.6 |
|
Production and Supply of Electric Power and Heat Power |
-0.4 |
9.1 |
9.0 |
|
Production and Distribution of Gas |
0.3 |
15.3 |
17.1 |
|
Production and Distribution of Water |
0.1 |
1.0 |
1.3 |
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.