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

In May, Producers Price Index (PPI) for manufactured goods up by 8.2 percent from the same month last year; purchasing prices for raw material, fuels and power rose by 11.9 percent.

PPI for means of production increased 9.2 percent over last May. Of the total, PPIs for mining and quarrying industry increased 25.9 percent; that for raw materials industry and machining industry correspondingly up by 10.9 and 6.3 percent; that for means of consumer goods grew 5.1 percent. Of which, price for foodstuff increased 11.0 percent; that of clothing and commodities rose 2.4 and 3.9 percent, while that for durable consumer goods dropped 0.5 percent.

In terms of different categories:

PPI for crude oil increased 30.9 percent, year-on-year. The prices for oil products, such as gasoline, diesel and kerosene increased 11.0, 11.8 and 11.4 percent respectively.

PPI for polystyrene increased 2.1 percent compared with the same month a year ago; that of latex up by 27.7 percent; and that of terylene dropped by 4.6 percent, year on year.

PPI for mining and washing of coal industry was up by 24.1 percent from last May. Of which, PPI for crude coal increased 24.1 percent.

PPI for smelting and pressing of ferrous metals grew 26.7 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 27.2, 43.5, 29.8, 43.8 and 28.1 percent, year on year.

PPI for smelting and pressing of nonferrous metals gained a year-on-year rise of 0.6 percent. Of the total, the increase of copper and lead surged 0.6 and 11.3 percent, while that aluminum and zinc dropped 2.4 and 25.6 percent respectively.

In addition, wherein the purchasing price for raw materials, fuel and power, nonferrous metal materials, ferrous metals, and chemical materials increased 21.0, 22.1, 3.4 and 6.2 percent respectively, year-on-year.

From January to May, PPI grew 7.4 percent, year-on-year; the purchasing price for raw materials, fuels and power products increased 10.6 percent.