Producers' Price Index (PPI) for Manufactured Goods Kept Jumping in October

PPI for means of production increased 3.1 percent over last October. Of the total, PPIs for mining and quarrying industry increased 5.4 percent; that for raw materials industry and manufacturing industry correspondingly up by 4.8 and 1.9 percent; that for means of consumer goods grew 3.5 percent. Of which, price for foodstuff increased 8.6 percent; that of clothing and commodities rose 1.3 and 1.9 percent respectively, while that for durable consumer goods dropped 0.7 percent.

In terms of different categories:

PPI for crude oil increased 4.2 percent year-on-year. The prices for oil products, such as gasoline dropped 5.0 percent, while diesel and kerosene increased 1.5 and 0.3 percent respectively.

PPI for polystyrene grew 0.2 percent compared with the same month a year ago; that of latex and terylene surging 2.3 and 0.2 percent, year on year.

PPIs for mining and washing of coal industry were up by 5.2 percent from last October. Of which, PPI for crude coal increased 5.0 percent.

PPI for smelting and pressing of ferrous metals grew 10.5 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 9.5, 16.5, 18.8, 10.7 and 10.9 percent, year on year.

PPI for smelting and pressing of nonferrous metals gained a year-on-year rise of 10.2 percent. Of the total, PPIs for copper and zinc dropped 0.7 and 0.3 percent, while that for aluminum and lead up by 0.7 and 47.7 percent respectively year-on-year.

In addition, wherein the purchasing price for raw materials, fuels and power products, the price for fuel and power, nonferrous metal materials, chemical materials and ferrous metals increased 4.2, 4.9, 2.8 and 8.5 percent respectively, year-on-year.

From January to October, PPI for manufactured goods grew 2.8 percent year-on-year; the purchasing price for raw materials, fuels and power products increased 3.9 percent.