Producers' Prices Index for Manufactured Goods Advancing in May

The Producers Price Index (PPI) for manufactured goods increased by 5.9% in May as compared with the same month of last year, purchasing prices for raw materials, fuels, and power were up by 9.9%, almost remained same level as compared with last month.

In May, the producers prices for means of production were up by 8.2% over the same month of last year; its impact on the total level of producers prices for manufactured goods was approximately up by 6.0 percentage points. Of which, prices for mining and quarrying industry, raw materials industry and machining industry was up by 34.1%, 11.1% and 2.7% respectively. The producers prices for means of consumer goods were down by 0.3% than the same month of last year. Of which, food, clothing, and articles for daily use was respectively up by 0.7%, 0.9% and 1.9%, while that durable consumer goods dropped by 3.5%.

In terms of different categories:

-- In view of prices for crude oil and oil products, the producers prices for crude oil was up by 43.4% over that in the same month of last year, its impact on the general level of producers prices for manufactured goods was up by 1.5 percentage points. The prices for oil products, such as gasoline, kerosene and diesel oil rose by 20.3%, 12.7% and 22.1% respectively.

-- In view of prices for chemical products, the producers prices for polystyrene, latex, terylene silk was rose 18.0%, 24.5%, 8.3% respectively.

-- In view of prices for coal products, the producers price for mining and cleaning industry rose by 25.9% over that in the same month of last year. Of which, producers prices for crude coal rose by 25.9%.

-- In view of prices for steel products, the prices for smelting and pressing of ferrous metals went up by 7.4% as compared with that in the month. Of which, prices for ordinary large rolled-steel, medium rolled-steels, small rolled-steels, wire rod, heavy steel plate and light steel plate went up by 2.3%, 1.0%, 6.2%, 6.7%, 9.2%, and 13.7% respectively.

-- In view of prices for nonferrous metals products, the producers prices for smelting and pressing nonferrous metals increased by 11.0% as compared with same month of last year, of which, producers prices for copper, aluminum, lead, zinc and nickel raised by 6.6%--18.5%.

Wherein the purchasing prices for raw materials, fuels and power products, that of the prices for fuel and power, ferrous and non-ferrous metals materials, and chemical material rose by 18.9%, 8.9%, 15.4% and 11.4% respectively.

As compared with the same period of last year, the producers prices for manufactured goods was up by 5.7 % from January to May, purchasing prices for raw materials, fuels, and power rose by 10.0%.