Producers' Price Index (PPI) for Manufactured Goods Increased in May

In May, Producers Price Index (PPI) for manufactured goods up by 2.8 percent from the same month last year; purchasing prices for raw material, fuels and power rose by 3.6 percent.

PPI for means of production increased 2.9 percent over last May. Of the total, PPIs for mining and quarrying industry increased 0.3 percent; that for raw materials industry and machining industry correspondingly up by 5.7 and 1.8 percent; that for means of consumer goods grew 2.4 percent. Of which, price for foodstuff increased 6.3 percent; that of clothing and commodities rose 1.3 and 1.2 percent, while that for durable consumer goods dropped 1.3 percent.

In terms of different categories:

PPI for crude oil decreased 3.9 percent year-on-year. The prices for oil products, such as gasoline, kerosene and diesel increased 2.5, 5.8 and 7.1 percent respectively.

PPI for polystyrene grew 11.9 percent compared with the same month a year ago; that of latex up by 100.1 percent; and that of terylene rose by 9.5 percent, year on year.

PPI for mining and washing of coal industry was up by 2.6 percent from last May. Of which, PPI for crude coal increased 2.3 percent.

PPI for smelting and pressing of ferrous metals grew 6.5 percent from the same month last year. Of which, PPIs for ordinary large rolled-steels, medium rolled-steels, small rolled-steels, wire rod and heavy steel plate correspondingly increased 3.3, 7.1, 3.9, 4.3 and 9.9 percent, year on year.

PPI for smelting and pressing of nonferrous metals gained a year-on-year rise of 15.7 percent. Of the total, the increase of copper, aluminum, lead and zinc were within the range of 2.9 to 37.5 percent.

In addition, wherein the purchasing price for raw materials, fuels and power products, the price for fuel and power, nonferrous metal materials and chemical materials increased 2.5, 111.1 and 3.8 percent respectively; while PPI for ferrous metals gained an increase of 4.3 percent, year-on-year.

From January to May, PPI grew 2.8 percent year-on-year; the purchasing price for raw materials, fuels and power products increased 3.9 percent.