The Producers' Price Index (PPI) For Manufactured Goods Increased 3.2 Percent in November

The Producers’ Price Index (PPI) for manufactured goods increased by 3.2% in November as compared with the same month of last year, down by 0.8 percentage points as compared with last month; purchasing prices for raw materials, fuels, and power were up by 5.4%, dropped by 1.1percentage points as compared with that in October.

In November, the producers’ prices for means of production were up by 4.5% over the same month of last year. Of which, prices for mining and quarrying industry, raw materials industry and machining industry was up by 20.1%, 6.9% and 0.8% respectively. The producers’ prices for means of consumer goods were down by 0.5% than the same month of last year. Of which, food, clothing, and articles for daily use was respectively up by 0.5%, 0.6% and 1.1%, while that durable consumer goods dropped by 3.1%.

In terms of different categories:

-- In view of prices for crude oil and oil products, the producers’ prices for crude oil was up by 24.2% over that in the same month of last year, its impact on the general level of producers’ prices for manufactured goods was up by 0.8 percentage points. The prices for oil products, such as gasoline, diesel oil, and kerosene rose by 18.6%, 18.9% and 24.2% respectively.

-- In view of prices for chemical products, the producers’ prices for polystyrene was down by 15.6 %, that of latex was up by 4.3%, and terylene silk was down by 3.7%.

-- In view of prices for coal products, the producers’ price for mining and cleaning industry rose by 17.2% over that in the same month of last year. Of which, producers’ prices for crude coal rose by 17.1%.

-- In view of prices for steel products, the prices for smelting and pressing of ferrous metals dropped by 1.3% as compared with that in the same month of last year. Of which, prices for ordinary large rolled-steel, medium rolled-steels, small rolled-steels, wire rod, and heavy steel plate dropped by 1.5%, 6.5%, 0.4%, 6.8%, and 7.1%.

-- In view of prices for nonferrous metals products, the producers’ prices for smelting and pressing nonferrous metals increased by 9.6% as compared with same month of last year. Of which, producers’ prices for copper, aluminum, and lead increased by 5.2%-22.7%, and nickel dropped by 3.8%.

Wherein the purchasing prices for raw materials, fuels and power products, that of the prices for fuel and power, ferrous and non-ferrous metals materials, and chemical material rose by 12.0%, 2.3%, 11.9% and 2.3% respectively.

As compared with the same period of last year, the producers’ prices for manufactured goods was up by 5.1% from January to November, purchasing prices for raw materials, fuels, and power rose by 8.6%.