National Bureau Of Statistics: In October, PPI Fell 2.6% Year On Year And Remained Flat Month On Month

On November 9, the data released by the National Bureau of Statistics showed that in October 2023, the factory prices of industrial producers across the country fell 2.6% year on year, and remained flat month on month; The purchase price of industrial producers fell 3.7% year on year and rose 0.2% month on month. On average, from January to October, 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、 Year on year changes in industrial producer prices in October

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 2.35 percentage points. Among them, the price of mining industry dropped by 6.2%, the price of raw material industry dropped by 2.3%, and the price of processing industry dropped by 3.0%. The price of means of living fell by 0.9%, which affected the overall level of factory prices of industrial producers by about 0.24 percentage points. Among them, the price of food fell by 1.2%, the price of clothing and general daily necessities rose by 0.4%, and the price of durable consumer goods fell by 2.0%.

Among the purchase prices of industrial producers, the prices of building materials and non-metallic materials fell by 7.3%, fuel and power by 6.7%, chemical raw materials by 6.3%, agricultural and sideline products by 6.2%, and ferrous materials by 2.1%; The prices of non-ferrous materials and wires rose 3.7%.

2、 Change of industrial producer prices in October

Among the ex factory prices of industrial producers, the price of means of production rose by 0.1%, which affected the overall level of ex factory prices of industrial producers by about 0.08 percentage points. Among them, the price of extractive industry increased by 2.4%, the price of raw material industry increased by 0.4%, and the price of processing industry decreased by 0.2%. The price of means of living fell by 0.1%, which affected the overall level of factory prices of industrial producers by about 0.04 percentage points. Among them, food prices fell by 0.3%, clothing prices rose by 0.1%, general commodity prices remained flat, and durable consumer goods prices fell by 0.1%.

Among the purchase prices of industrial producers, the price of fuel and power increased by 1.4%, the price of chemical raw materials increased by 1.0%, and the price of ferrous materials increased by 0.2%; The prices of agricultural and sideline products fell by 0.7%, and the prices of non-ferrous materials and wires, building materials and non-metallic materials fell by 0.3%.