Producers' Prices Index (PPI) for Manufactured Goods Increased 2.5 Percent in March

In March, the producers price for manufactured goods rose by 2.5 percent over the same month of last year, purchasing prices for raw materials, fuels and power rose 6.2 percent.

Producers price for means of production rose by 3.5 percent over last March. of which, prices for mining and quarrying industry, raw materials industry rose correspondingly up by 20.2 percent and 5.6 percent; that of machining industry remained the same level with the previous year. Price for means of consumer goods was down by 0.3 percent, year-on year. of which, the price for food decreased 0.8 percent; for clothing and commodities rose by 1.3 percent and 0.7 percent, while that of durable consumer goods dropped by 2.0 percent.

In terms of categories

-- Producers price for crude oil rose by 33.5 percent over the same month of the previous year, its impact on the general level of producers price for manufactured goods rose by 1.0 percent. the prices for oil products, such as gasoline, kerosene and diesel oil were rose by 24.1 percent, 24.9 percent and 20.5 percent.

-- Producers price for polystyrene and terylene dropped by 8.8 percent and 5.9 percent compared with last March, that price for latex rose by 1.7 percent, year-on-year.

-- Producers price for mining and cleaning industry rose by 8.1 percent, of which, producers price for crude coal rose by 7.6 percent.

-- Producers price for smelting and pressing of ferrous metals dropped by 8.6 percent, year-on-year. of the total, producer s price for ordinary large rolled-steels, medium rolled-steels, small rolled-steels, wire rod and heavy steel plate correspondingly dropped by 8.4 percent, 12.0 percent, 6.6 percent, 12.5 percent and 18.3 percent.

-- Producers price for smelting and pressing of nonferrous metals increased 15.4 percent compared with the same month last year, the increase of copper, aluminum, lead and nickel were in the range of 10.5 percent to 38.4 percent.

Besides, wherein the purchasing price for raw materials, fuels and power products, the price for fuel and power, non ferrous metal materials and chemical materials increased 16.7, 19.8 and 0.2 percent respectively, while purchasing price for ferrous metals decreased 3.0 percent.

Comparing with the same period of the previous year, from January to March, the producers price for manufactured goods rose by 2.9 percent, the purchasing price for raw materials, fuels and power products rose by 6.5 percent.