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

In July, Producers Price Index (PPI) for manufactured goods up by 10.0 percent from the same month last year; purchasing prices for raw material, fuels and power rose by 15.4 percent.

PPI for means of produced goods increased 11.7 percent over previous July. Of the total, PPIs for mining and quarrying industry increased 34.1 percent; that for raw materials industry and machining industry correspondingly up by 14.3 and 7.7 percent; that for means of consumer goods grew 4.6 percent. Of which, price for foodstuff increased 9.1 percent; that of clothing and commodities rose 2.4 and 4.3 percent, while that for durable consumer goods dropped 0.2 percent.

In terms of different categories:

PPI for crude oil increased 41.2 percent, year-on-year. The prices for oil products, such as gasoline, diesel and kerosene increased 32.6, 21.5 and 29.4 percent respectively.

PPI for polystyrene increased 4.3 percent compared with the same month a year ago; that of latex up by 28.3 percent; and that of terylene rose by 1.3 percent, year on year.

PPI for mining and washing of coal industry was up by 32.6 percent from last July. Of which, PPI for crude coal increased 32.2 percent.

PPI for smelting and pressing of ferrous metals grew 31.0 percent from the same month last year. Of which, PPIs for ordinary small, medium, and large rolled-steels, wire rod and heavy steel plate correspondingly increased 38.3, 47.2, 37.5, 53.2 and 31.6 percent, year on year.

PPI for smelting and pressing of nonferrous metals gained a year-on-year decline of 2.1 percent. Of the total, copper, lead, aluminum and zinc dropped 0.1, 7.9, 0.6 and 28.9 percent respectively.

In addition, wherein the purchasing price for raw materials, fuel and power, nonferrous metal materials, ferrous metals, and chemical materials increased 30.1, 26.9, 2.5 and 9.0 percent respectively, year-on-year.

From January to July, PPI grew 8.0 percent, year-on-year; the purchasing price for raw materials, fuels and power products increased 11.7 percent.