The Producers' Price Index Increased 3.1% in January

The Producers Price Index (PPI) For Manufactured Goods Increased 3.1% in January

The Producers Price Index (PPI) for manufactured goods increased by 3.1% in January as compared with the same month last year, purchasing prices for raw materials, fuels and power were up by 6.4% (note).

PPI for means of production were up by 4.2% over the same month of last year. Of which, prices for mining and quarrying industry, raw materials industry and machining industry were respectively up by 25.2% 6.4% and 0.1%. The producers prices for means of consumer goods were down by 0.3% than the same month of last year. Of which, the prices for food were down by 0.5%, clothing and articles for daily use were respectively up by 1.4% and 0.8%, while that durable consumer goods dropped by 2.4%.

In terms of categories:

--The producers price for crude oil was up by 40.7%, its impact on the general level of producers price for manufactured goods was up by 1.2 percentage points. The prices for oil products, such as gasoline, diesel oil and kerosene were rose by 25.9% 22.6% and 21.9% respectively.

--In the category of chemical products, the producers price for polystyrene was down by 1.3% as compared with last month, that of latex was down by 2.1% and terylene was down by 3.1%.

--The producers prices for mining and cleaning industry rose by 12.7% over last month. Of which, producers price for crude coal rose by 12.4%.

--The prices for smelting and pressing of ferrous metal dropped by 6.6% as compared with the same month last year. Of which, PPI for ordinary large rolled-steels, medium rolled-steels, small rolled-steels, wire rod and heavy steel plates were dropped by 5.2%, 9.7%, 4.7%, 8.4% and 16.9%.

--PPI for smelting and pressing of non-ferrous metal increased 13.2% as compared with the same month last year. Of which, PPI for copper, aluminum, lead and nickel increased among 3.8%-29.1%.

Besides, wherein the purchasing prices for raw materials, fuels and power products, that of the prices for fuel and power, ferrous and non-ferrous metal materials and chemical materials corresponding increases of 17.7%, 14.6% and 0.8% respectively while for ferrous metal dropped by 1.6% as compared with the same month last year.

Note: Because of the Spring Festival, PPI in January and February are not that comparable with the same month last year.