The producers' Price Index (PPI) for Manufactured Goods Up by 5.2 Percent in July

The Producers Price Index (PPI) for manufactured goods increased by 5.2% in July as compared with the same month of last year, purchasing prices for raw materials, fuels, and power were up by 8.5%, dropped by 0.9 percentage points as compared with that in June.

In July, the producers prices for means of production were up by 7.1% over the same month of last year; its impact on the general level of producers prices for manufactured goods was approximately up by 5.2 percentage points. Of which, prices for mining and quarrying industry, raw materials industry and machining industry was up by 26.5%, 10.0% and 2.5% respectively. The producers prices for means of consumer goods were down by 0.2% than the same month of last year. Of which, food, clothing, and articles for daily use was respectively up by 0.6%, 2.3% and 2.9%, 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 31.4% over that in the same month of last year, its impact on the general level of producers prices for manufactured goods was up by 1.1 percentage points. The prices for oil products, such as gasoline, diesel oil, and kerosene rose by 22.5%, 20.1% and 18.3% respectively.

-- In view of prices for chemical products, the producers prices for polystyrene, latex, terylene silk was rose 5.5%, 19.3%, 5.6% respectively.

-- In view of prices for coal mining and washing industry the price rose by 24.3% over that in the same month of last year. Of which, producers prices for crude coal rose by 24.4%.

-- In view of prices for steel products, the prices for smelting and pressing of ferrous metals went up by 6.4% as compared with that in the month. Of which, prices for ordinary large rolled-steel, medium rolled steel and small rolled-steels, wire rod, and heavy steel plate went up by 3.7%, 2.4%, 4.1%, 19.8 and 8.1% respectively.

-- In view of prices for nonferrous metals products, the producers prices for smelting and pressing nonferrous metals increased by 11.9% as compared with same month of last year, of which, producers prices for copper, aluminum, lead, zinc and nickel raised by 7.9%--18.8%.

Wherein the purchasing prices for raw materials, fuels and power products, the prices for fuel and power, ferrous and non-ferrous metal materials, and chemical material rose by 15.6%, 8.7%, 14.5% and 8.4% respectively.

As compared with the same period of last year, the producers prices for manufactured goods was up by 5.6 % from January to July, purchasing prices for raw materials, fuels, and power rose by 9.7%.