In December 2011, Producer Price Index (PPI) for manufactured goods increased 1.7 percent year-on-year, and decreased 0.3 percent month-on-month. The purchasing price index for manufactured goods rose by 3.5 percent year-on-year, and declined 0.4 percent month-on-month. In 2011, the year-on-year PPI increased 6.0 percent, and the purchasing price index for manufactured goods surged 9.1 percent.

The year-on-year change of producer prices for means of production climbed 1.4 percent. In which, producer prices for mining and quarrying industry increased 9.4 percent; that of raw materials industry increased 2.9 percent, that of machining industry remained the same level. Producer prices for means of subsistence went up by 2.5 percent year-on-year. Of which, producer prices for foodstuff increased 4.3 percent, that of clothing up by 3.6 percent, that of commodities up by 2.1 percent, and that of durable consumer goods dropped 0.5 percent.

The month-on-month change of producer prices for means of production decreased 0.4 percent. Of the total, producer prices for mining and quarrying industry increased 0.7 percent; that of raw materials industry and machining industry correspondingly down by 0.5 percent. Producer prices for consumer goods declined 0.1 percent month-on-month. Of which, producer prices for foodstuff decreased 0.1 percent; that of clothing up by 0.3 percent, that of commodities and durable consumer goods correspondingly dropped 0.2 percent.

The year-on-year purchaser price indexes for non-ferrous metals, fuel and power, ferrous metals and chemical raw material increased 0.6, 8.4, 1.4 and 1.4 percent respectively.

The month-on-month purchaser price indexes for fuel and power increased 0.6 percent, that of non-ferrous metals, ferrous metals and chemical raw material decreased 1.4, 1.2 and 1.3 percent respectively.

 

Price Indexes for the Industrial Sector in December and the Whole Year of 2011
	December		Year 2011
	M/M(%)	Y/Y(%)	Growth Rate (%)
I. Producer Price Indexes	-0.3	1.7	6.0
Means of production	-0.4	1.4	6.6
Mining and quarrying	0.7	9.4	15.4
Raw materials	-0.5	2.9	9.2
Processing	-0.5	0.0	4.6
Means of subsistence	-0.1	2.5	4.2
Food	-0.1	4.3	7.4
Clothing	0.3	3.6	4.2
Articles for daily use	-0.2	2.1	4.0
Durable consumer goods	-0.2	-0.5	-0.6
II. Purchaser Price Indexes	-0.4	3.5	9.1
Non-ferrous metals	-1.4	0.6	12.1
Fuel and power	0.6	8.4	10.8
Ferrous metals	-1.2	1.4	9.4
Raw chemical materials	-1.3	1.4	10.4

Notes:

1. Explanation of indicators:

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. Coverage: Starting from the year 2011, statistical surveys of industrial producer prices cover prices for over 11,000 products from 1702 subclasses in 525 classes, 191 groups and 39 industrial divisions; and the statistical surveys of industrial purchaser prices cover prices for over 6,000 industrial products from over 900 subclasses.

Data collection: Industrial producer prices are collected from combined surveys of key businesses and typical businesses. Starting from 2011, the key businesses are those with their turnover from primary activities over 20 million yuan, and the typical businesses are those with less than 20 million yuan. The surveys cover about 60,000 industrial enterprises in over 400 cities across the country.