Producer Prices for the Industrial Sector for November
By CnAgri
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In November 2013, Producer Price Index (PPI) for manufactured goods decreased 1.4 percent year-on-year, and remained at the same level (the amount of change was 0, similarly hereinafter) month-on-month. The purchasing price index for manufactured goods went down by 1.5 percent year-on-year, and remained at the same level month-on-month. On average from January to November, 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 1.9 percent, meaning 1.4 percentage points decrease in the overall price level. Of which, producer prices for mining and quarrying industry decreased 4.2 percent; that of raw materials industry decreased 2.4 percent, that of manufacturing and processing industry decreased 1.4 percent. Producer prices for consumer goods increased 0.1 percent year-on-year. Of which, producer prices for foodstuff increased 0.8 percent, that of clothing increased 1.2 percent, that of commodities went down by 0.4 percent, while that of durable consumer goods dropped 1.0 percent.
The year-on-year purchaser price indexes for non-ferrous metal materials and wires fell 5.5 percent, fuel and power decreased 2.6 percent, chemical raw materials went down by 2.0 percent, ferrous metal materials decreased 1.7 percent, agricultural and sideline products prices rose by 1.7 percent, textile raw materials increased 0.5 percent.
According to estimation, in the -1.4 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 -1.4 percentage point.
2. Month-on-Month Changes of Prices of Different Categories
The producer prices for means of production decreased 0.1 percent month-on-month. Of the total, producer prices for mining and quarrying industry decreased 0.3 percent, that of raw materials industry decreased 0.2 percent, that of manufacturing and processing industry remained at the same level. Producer prices for consumer goods increased 0.1 percent month-on-month. Of which, producer prices for foodstuff went up by 0.2 percent, that of clothing went up by 0.1 percent, that of commodities and durable consumer goods both remained at the same level.
The month-on-month purchaser price indexes for building materials and non-metallic increased 0.5 percent, non-ferrous metal materials and wires went down by 0.6 percent, ferrous metal materials decreased 0.2 percent.
