Producers' Price Index (PPI) for Manufactured Goods Kept Surging in February

In February, Producers Price Index (PPI) for manufactured goods up by 6.6 percent from the same month last year; purchasing prices for raw material, fuels and power rose by 9.7 percent.

PPI for means of production increased 7.2 percent over last February. Of the total, PPIs for mining and quarrying industry increased 25.3 percent; that for raw materials industry and processing industry correspondingly up by 8.8 and 4.1 percent; that for means of consumer goods grew 4.9 percent. Of which, price for foodstuff increased 11.0 percent; that of clothing and articles for daily use rose 1.8 and 3.4 percent respectively, while that for durable consumer goods dropped 0.6 percent.

In terms of different categories:

PPI for crude oil increased 37.5 percent year-on-year. The prices for oil products, such as gasoline, diesel and kerosene increased 8.7, 9.8 and 11.4 percent respectively.

PPI for polystyrene dropped 1.4 percent compared with the same month a year ago; that of latex and terylene surging 20.3 and 1.6 percent respectively, year on year.

PPIs for mining and washing of coal industry were up by 18.5 percent from last February. Of which, PPI for crude coal increased 19.4 percent.

PPI for smelting and pressing of ferrous metals grew 17.9 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 18.9, 29.6, 27.8, 25.6, and 18.5 percent, year on year.

PPI for smelting and pressing of nonferrous metals gained a year-on-year rise of 6.6 percent. Of the total, PPIs for copper and lead up 6.3 and 30.9 percent, while that for aluminum and zinc down by 0.3 and 24.6 percent respectively year-on-year.

In addition, wherein that the purchasing price for raw materials, fuels and power products, the price for fuel and power, ferrous metals, nonferrous metal materials, and raw chemical materials increased 17.7, 15.0, 6.8, and 4.2 percent respectively, year-on-year.

From January to February, PPI for manufactured goods grew 6.4 percent year-on-year; the purchasing price for raw materials, fuels and power products increased 9.3 percent.