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

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

Write: Avantika [2011-05-20]

In August, Producers Price Index (PPI) for manufactured goods up by 10.1 percent from the same month last year; purchasing prices for raw material, fuels and power rose by 15.3 percent.

PPI for means of production increased 12.0 percent over last June. Of the total, PPIs for mining and quarrying industry increased 35.1 percent; that for raw materials industry and machining industry correspondingly up by 14.4 and 7.9 percent; that for means of consumer goods grew 4.0 percent. Of which, price for foodstuff increased 7.4 percent; that of clothing and commodities rose 2.4 and 4.3 percent, while that for durable consumer goods dropped 0.4 percent.

In terms of different categories:

PPI for crude oil increased 38.2 percent, year-on-year. The prices for oil products, such as gasoline, diesel and kerosene increased 33.7, 22.1 and 36.1 percent respectively.

PPI for polystyrene grew 0.6 percent compared with the same month a year ago; that of latex up by 40.8 percent; and that of terylene declined by 1.5 percent, year-on-year.

PPI for mining and washing of coal industry was up by 39.0 percent from last August. Of which, PPI for crude coal increased 38.3 percent.

PPI for smelting and pressing of ferrous metals grew 29.9 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 33.5, 45.5, 38.2, 43.9 and 30.8 percent, year on year.

PPI for smelting and pressing of nonferrous metals down by 2.3 percent, year-on-year. Of the total, aluminum, copper, lead and zinc was declining 0.8, 1.4, 9.3 and 29.4 percent respectively.

In addition, wherein the purchasing price for raw materials, fuels and power products, the price for fuel and power, nonferrous metal materials, ferrous metals, and chemical materials increased 30.9, 26.6, 0.7 and 9.2 percent respectively, year-on-year.

From January to August, PPI grew 8.2 percent, year-on-year; the purchasing price for raw materials, fuels and power products increased 12.2 percent.