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Producer Prices for the Industrial Sector for November 2014

According to The National Bureau of Statistics of China, in November 2014, Producer Price Index (PPI) for manufactured goods decreased 2.7 percent year-on-year, and decreased 0.5 percent month-on-month. The purchasing price index for manufactured goods went down by 3.2 percent year-on-year, and decreased 0.7 percent month-on-month. On average from January to November, the PPI decreased 1.8 percent year-on-year, the purchasing price index for manufactured goods went down by 2.0 percent year-on-year.

  1. Year-on-Year Changes of Prices of Different Categories

The year-on-year change of producer prices for means of production decreased 3.5 percent, meaning 2.7 percentage points decrease in the overall price level. Of which, producer prices for mining and quarrying industry decreased 10.7 percent; that of raw materials industry decreased 4.7 percent; that of manufacturing and processing industry decreased 2.3 percent. Producer prices for consumer goods went down by 0.1 percent year-on-year. Of which, producer prices for foodstuff decreased 0.2 percent, that of clothing increased 0.5 percent, that of commodities went up by 0.1 percent, while that of durable consumer goods dropped 0.7 percent.

The year-on-year purchaser price indices for ferrous metal materials decreased 7.7 percent, fuel and power decreased 5.2 percent, non-ferrous metal materials and wires fell 2.5 percent, chemical raw materials went down by 2.3 percent.

According to estimation, in the -2.7 percent decreases in November, the carryover effect of last year’s prices changing was 0, while new prices rising factors in this year accounted for -2.7 percentage points.