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

In June, Producers Price Index (PPI) for manufactured goods up by 2.5 percent from the same month last year; purchasing prices for raw material, fuels and power rose by 3.4 percent.

PPI for means of production increased 2.5 percent over last June. Of the total, PPIs for mining and quarrying industry decreased 1.0 percent; that for raw materials industry and manufacturing industry correspondingly up by 5.2 and 1.6 percent; that for means of consumer goods grew 2.5 percent. Of which, price for foodstuff increased 6.7 percent; that of clothing and commodities rose 0.9 and 1.4 percent respectively, while that for durable consumer goods dropped 1.3 percent.

In terms of different categories:

PPI for crude oil decreased 6.6 percent year-on-year. The prices for oil products, such as gasoline and kerosene dropped 4.9 and 0.3 percent, while diesel increased 2.0 percent.

PPI for polystyrene grew 9.6 percent compared with the same month a year ago; that of latex down by 1.9 percent; and that of terylene rose by 6.8 percent, year on year.

PPI for mining and washing of coal industry was up by 3.0 percent from last June. Of which, PPI for crude coal increased 2.9 percent.

PPI for smelting and pressing of ferrous metals grew 6.3 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 3.9, 5.7, 6.2, 2.4 and 7.7 percent, year on year.

PPI for smelting and pressing of nonferrous metals gained a year-on-year rise of 16.5 percent. Of the total, the increase of copper, aluminum, lead and zinc were within the range of 3.1 to 42.7 percent.

In addition, wherein the purchasing price for raw materials, fuels and power products, the price for fuel and power, ferrous metals, nonferrous metal materials and chemical materials increased 1.8, 4.8, 8.7 and 3.6 percent, year-on-year.

From January to June, PPI grew 2.8 percent year-on-year; the purchasing price for raw materials, fuels and power products increased 3.8 percent.