National Bureau Of Statistics: PPI In September Fell 2.5% Year On Year And Rose 0.4% Month On Month

On October 13, the data released by the National Bureau of Statistics showed that in September 2023, the factory prices of industrial producers across the country fell 2.5% year on year and rose 0.4% month on month; The purchase price of industrial producers fell 3.6% year on year and rose 0.6% month on month. On average, from January to September, the ex factory price of industrial producers dropped by 3.1% over the same period last year, and the purchase price of industrial producers dropped by 3.6%.

1、 YoY changes in industrial producer prices in September

Among the ex factory prices of industrial producers, the price of means of production dropped by 3.0%, affecting the overall level of ex factory prices of industrial producers by about 2.45 percentage points. Among them, the price of extractive industry dropped by 7.4%, and the price of raw material industry and processing industry dropped by 2.8%. The price of means of living fell by 0.3%, which affected the overall level of factory prices of industrial producers by about 0.07 percentage points. Among them, food prices fell by 0.3%, clothing prices rose by 0.8%, general commodity prices rose by 0.7%, and durable consumer goods prices fell by 1.2%.

Among the purchase prices of industrial producers, the prices of chemical raw materials, fuel and power, building materials and non-metallic materials, agricultural and sideline products, and ferrous materials dropped 7.3%, 7.0%, 6.6%, 4.2%, and 3.4% respectively; The prices of non-ferrous materials and wires rose by 4.2%.

2、 Change of industrial producer prices in September

Among the ex factory prices of industrial producers, the price of means of production rose by 0.5%, which affected the overall level of ex factory prices of industrial producers by about 0.37 percentage points. Among them, the price of mining industry rose 1.8%, the price of raw material industry rose 1.3%, and the price of processing industry rose 0.1%. The price of means of living rose by 0.1%, which affected the overall level of factory prices of industrial producers by about 0.03 percentage points. Among them, the prices of food and clothing rose by 0.2%, the prices of general daily necessities rose by 0.1%, and the prices of durable consumer goods remained flat.

Among the purchase prices of industrial producers, the price of fuel and power increased by 1.8%, the price of chemical raw materials increased by 1.6%, the price of non-ferrous materials and wires increased by 0.9%, and the price of ferrous materials and agricultural and sideline products increased by 0.4%; The prices of building materials and non-metallic materials fell by 1.0%.