Producer Prices for the Industrial Sector for April
By CnAgri
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In April 2013, Producer Price Index (PPI) for manufactured goods decreased 2.6 percent year-on-year, and decreased 0.6 percent month-on-month. The purchasing price index for manufactured goods went down by 2.7 percent year-on-year, and 0.6 percent decrease month-on-month. In the average in the first four months of 2013, the PPI decreased 2.0 percent, year-on-year, the purchasing price index for manufactured goods went down by 2.1 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 2.68 percentage points decrease in the overall price level. Of which, producer prices for mining and quarrying industry decreased 8.2 percent; that of raw materials industry decreased 4.8 percent, that of manufacturing and processing industry decreased 2.5 percent. Producer prices for consumer goods went up by 0.3 percent, meaning 0.07 percentage point increase in the overall price level. Of which, producer prices for foodstuff increased 0.6 percent, that of clothing increased 1.3 percent, that of commodities up by 0.1 percent, while that of durable consumer goods dropped 0.6 percent.
The year-on-year purchaser price indexes for ferrous metal materials decreased 5.5 percent, fuel and power decreased 4.8 percent, non-ferrous metal materials and wires fell 4.7 percent, chemical raw materials went down by 3.8 percent, agricultural and sideline products prices rose by 1.0 percent.
According to estimation, in the 2.6 percent decrease in April, the carryover effect of last year’s prices changing was -2.4 percentage points, while new prices rising factors in this year accounted for -0.2 percentage point.
2. Month-on-Month Changes of Prices of Different Categories
The producer prices for means of production decreased 0.7 percent month-on-month. Of the total, producer prices for mining and quarrying industry decreased 1.6 percent, that of raw materials industry decreased 1.3 percent, that of manufacturing and processing industry went down by 0.3 percent. Producer prices for consumer goods decreased 0.1 percent month-on-month. Of which, producer prices for foodstuff went down by 0.3 percent, that of clothing increased 0.1 percent, that of commodities remained at the same level month-on-month (the amount of change was 0), that of durable consumer goods decreased 0.1 percent.
The month-on-month purchaser price indexes for non-ferrous metal materials and wires fell 1.8 percent, fuel and power decreased 1.0 percent, agricultural and sideline products went down by 0.9 percent, chemical raw materials went down by 0.8 percent, ferrous metal materials decreased 0.6 percent, and textile raw materials increased 0.1 percent.
