In August 2023, the national industrial producer price dropped by 3.0% year-on-year and increased by 0.2% month-on-month; the purchasing price of industrial producers decreased by 4.6% year-on-year and increased by 0.2% month-on-month. On average from January to August, the ex-factory price of industrial producers fell by 3.2% compared with the same period last year, and the purchasing price of industrial producers fell by 3.6%.
1. Year-on-year changes in industrial producer prices in August
In the ex-factory price of industrial producers, the price of means of production fell by 3.7%, affecting the overall level of ex-factory price of industrial producers by about 2.90 percentage points. Among them, the price of the mining industry fell by 9.9%, the price of the raw material industry fell by 4.0%, and the price of the processing industry fell by 3.1%. The price of daily necessities fell by 0.2%, affecting the overall level of factory prices for industrial producers to fall by about 0.05 percentage points. Among them, food prices decreased by 0.2%, clothing prices increased by 1.0%, general daily necessities prices increased by 0.6%, and durable consumer goods prices decreased by 1.2%.
In terms of purchasing prices for industrial producers, the prices of chemical raw materials fell by 10.4%, the prices of fuel and power fell by 9.1%, the prices of building materials and non-metals fell by 6.0%, the prices of ferrous metal materials fell by 5.6%, and the prices of agricultural and sideline products fell by 5.6%. The price fell by 3.7%; the price of non-ferrous metal materials and wires increased by 2.6%.
Month-on-month changes in industrial producer prices in February and August
In the ex-factory price of industrial producers, the price of means of production increased by 0.3%, affecting the overall level of ex-factory price of industrial producers to increase by about 0.21 percentage points. Among them, the price of the mining industry increased by 0.9%, the price of the raw material industry increased by 1.4%, and the price of the processing industry decreased by 0.2%. The price of daily necessities increased by 0.1%, affecting the overall level of factory prices for industrial producers to increase by about 0.02 percentage points. Among them, the price of food increased by 0.6%, the price of clothing decreased by 0.2%, the price of general daily necessities decreased by 0.3%, and the price of durable consumer goods decreased by 0.1%.
In the purchasing price of industrial producers, the price of agricultural and sideline products increased by 1.7%, the price of fuel and power increased by 1.1%, the price of chemical raw materials increased by 0.5%, the price of non-ferrous metal materials and wires increased by 0.2%; the price of building materials and non-ferrous metals increased by 0.2%. The price of metals fell by 1.4%, and the price of ferrous metal materials fell by 0.5%.
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