The producers' Price Index (PPI) For Manufactured Goods Kept Advancing in August

The Producers Price Index (PPI) for manufactured goods increased by 5.3% in August as compared with the same month of last year, up by 0.1 percentage points as compared with last month; purchasing prices for raw materials, fuels, and power were up by 8.1%, dropped by 0.4 percentage points as compared with that in July.

In August, the producers prices for means of production were up by 7.3% over the same month of last year. Of which, prices for mining and quarrying industry, raw materials industry and machining industry was up by 28.9%, 10.6% and 2.1% 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 0.5%, 0.7% and 1.9%, while that durable consumer goods dropped by 2.9%.

In terms of different categories:

-- In view of prices for crude oil and oil products, the producers prices for crude oil was up by 36.2% over that in the same month of last year, its impact on the general level of producers prices for manufactured goods was up by 1.2 percentage points. The prices for oil products, such as gasoline, kerosene, and diesel oil, rose by 32.8%, 22.8% and 26.4% respectively.

- In view of prices for chemical products, the producers prices for polystyrene was down by 6.9%, that of latex, terylene silk was rose 17.6%, and 4.3% respectively.

-- In view of prices for coal products, the producers price for mining and cleaning industry rose by 23.6% over that in the same month of last year. Of which, producers prices for crude coal rose by 23.7%.

-- In view of prices for steel products, the prices for smelting and pressing of ferrous metals went up by 4.3% as compared with that in the same month of last year. Of which, prices for ordinary large rolled-steel rose by 1.5%, that of medium rolled-steels dropped by 0.7%, that of small rolled-steels rose by 2.1%, that of wire rod dropped by 2.8%, and heavy steel plate rose by 3.3%.

-- In view of prices for nonferrous metals products, the producers prices for smelting and pressing nonferrous metals increased by 14.4% as compared with same month of last year. Of which, producers prices for copper, aluminum, lead, zinc and nickel rose by 7.5%--18.1%.

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 16.4%, 7.3%, 14.2% and 6.6% respectively.

As compared with the same period of last year, the producers prices for manufactured goods was up by 5.5 % from January to August, purchasing prices for raw materials, fuels, and power rose by 9.5%.