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

In January, Producers Price Index (PPI) for manufactured goods up by 6.1 percent from the same month last year; purchasing prices for raw material, fuels and power rose by 8.9 percent.

PPI for means of production increased 6.5 percent over last January. Of the total, PPIs for mining and quarrying industry increased 20.5 percent; that for raw materials industry and manufacturing industry correspondingly up by 8.5 and 3.8 percent; that for means of consumer goods grew 4.6 percent. Of which, price for foodstuff increased 10.4 percent; that of clothing and commodities rose 2.2 and 3.0 percent respectively, while that for durable consumer goods dropped 0.6 percent.

In terms of different categories:

PPI for crude oil increased 29.9 percent year-on-year. The prices for oil products, such as gasoline, diesel and kerosene increased 7.3, 10.0 and 10.9 percent respectively.

PPI for polystyrene dropped 4.9 percent compared with the same month a year ago; that of latex surging 20.7 while that of terylene declining 0.2 percent, year on year.

PPIs for mining and washing of coal industry were up by 14.3 percent from last January. Of which, PPI for crude coal increased 14.9 percent.

PPI for smelting and pressing of ferrous metals grew 17.3 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 17.3, 28.6, 26.7, 25.0 and 16.6 percent, year on year.

PPI for smelting and pressing of nonferrous metals gained a year-on-year rise of 4.7 percent. Of the total, PPIs for copper and lead up 2.0 and 27.9 percent, while that for aluminum and zinc down by 2.9 and 26.1 percent respectively year-on-year.

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 15.7, 14.8, 4.6 and 3.8 percent respectively, year-on-year.