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

In March, Producers Price Index (PPI) for manufactured goods up by 8.0 percent from the same month last year; purchasing prices for raw material, fuels and power rose by 11.0 percent.

PPI for means of production increased 8.7 percent over last March. Of the total, PPIs for mining and quarrying industry increased 29.0 percent; that for raw materials industry and machining industry correspondingly up by 10.2 and 5.5 percent; that for means of consumer goods grew 5.5 percent. Of which, price for foodstuff increased 12.3 percent; that of clothing and commodities rose 2.0 and 3.8 percent, while that for durable consumer goods dropped 0.6 percent.

In terms of different categories:

PPI for crude oil increased 37.9 percent, year-on-year. The prices for oil products, such as gasoline, kerosene and diesel increased 9.9, 10.9 and 12.1 percent respectively.

PPI for polystyrene grew 1.3 percent compared with the same month a year ago; that of latex up by 20.7 percent; and that of terylene rose by 3.0 percent, year on year.

PPI for mining and washing of coal industry was up by 26.0 percent from last March. Of which, PPI for crude coal increased 27.4 percent.

PPI for smelting and pressing of ferrous metals grew 21.2 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 24.3, 35.5, 33.6, 31.5, and 22.2 percent, year on year.

PPI for smelting and pressing of nonferrous metals gained a year-on-year rise of 10.0 percent. Of the total, the increase of copper, aluminum, and lead expanded 6.9, 48.8, and 1.2 percent respectively, while that zinc was down by 21.5 percent.

In addition, wherein the purchasing price for raw materials, fuels and power products, nonferrous metal materials, ferrous metals, and chemical materials increased 19.0, 18.0, 9.0 and 4.9 percent respectively, year-on-year.

From January to March, PPI grew 6.9 percent, year-on-year; the purchasing price for raw materials, fuels and power products increased 9.8 percent.