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

In March, Producers Price Index (PPI) for manufactured goods up by 3.3 percent from the same month last year; purchasing prices for raw material, fuels and power rose by 3.7 percent.

PPI for means increased 2.9 percent over last March. Of the total, PPIs for mining and quarrying industry decreased 2.2 percent; that for raw materials industry and machining industry correspondingly up by 6.1 and 2.0 percent; that for means of consumer goods grew 1.9 percent. Of which, price for foodstuff increased 5.2 percent; that of clothing and commodities rose 1.0 and 0.8 percent, while that for durable consumer goods dropped 1.4 percent.

In terms of different categories:

PPI for crude oil decreased 9.6 percent, year-on-year. The prices for oil products, such as gasoline, kerosene and diesel increased 7.5, 11.7 and 9.9 percent respectively.

PPI for polystyrene grew 14.3 percent compared with the same month a year ago; that of latex up by 8.1 percent; and that of terylene rose by 4.8 percent, year on year.

PPI for mining and washing of coal industry was up by 2.0 percent from last March. Of which, PPI for crude coal increased 1.4 percent, and its growth rate reduced 0.7 percentage point.

PPI for smelting and pressing of ferrous metals grew 6.9 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 4.1, 5.0, 6.1, 5.5 and 17.0 percent, year on year.

PPI for smelting and pressing of nonferrous metals gained a year-on-year rise of 16.3 percent. Of the total, the increase of copper, aluminum, lead and zinc were within the range of 5.3 to 46.5 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 1.7, 20.5 and 4.0 percent respectively; while PPI for ferrous metals gained an increase of 2.6 percent, year-on-year.

From January to March, PPI grew 2.9 percent, year-on-year; the purchasing price for raw materials, fuels and power products increased 4.1 percent.