Producers' Price Index (PPI) for Manufactured Goods Kept Advancing in August

In August, the producers price index (PPI) for manufactured goods gained an increase of 3.4 percent over the same month of the previous year, the purchasing prices for raw materials, fuels and power rose 6.7 percent.

Producers price for means rose 4.5 percent from the same month a year ago. Of the total, prices for mining and quarrying industry, raw materials industry and machining industry rose correspondingly up by 15.7, 7.3 and 1.5 percent over the same month of last year; that for means of consumer goods rose 0.3 percent, of which, price for food increased 0.7 percent; for cloth and commodities rose 1.3 percent while that for durable consumer goods dropped 1.9 percent.

In terms of categories:

Producers price for crude oil increased 25.9 percent from the same month of the previous year. The prices for oil products, such as gasoline, kerosene and diesel increased 15.8, 19.7 and 14.6 percent, respectively, year-on-year.

Producers price for polystyrene grew 7.4 percent over last August; price for latex dropped 0.7 percent while that for terylene rose 11.3 percent, year-on-year.

Producers price for mining and cleaning industry increased 2.8 percent, year-on-year. Of which, price for crude coal up by 2.4 percent.

Producers price for smelting and pressing of ferrous metals was down by 2.4 percent. 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 3.9, 3.8, 3.2, 1.3 and 5.5 percent from the same month a year ago.

Producers price for smelting and pressing of nonferrous metals gained a year-on-year increase of 24.5 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 respectively made a year-on-year rise of 12.4, 37.4 and 2.9 percent, while that for ferrous metal decreased 1.6 percent.

Comparing with the same period of the previous year, the producers price for manufactured goods during the January to August period rose 2.9 percent and that for raw materials, fuels and power products grew 6.2 percent.