What happens to changes in industrial producer prices?

In January 2022, the national ex-factory price of industrial producers increased by 9.1% year-on-year and decreased by 0.2% month-on-month; the purchase price of industrial producers increased by 12.1% year-on-year and decreased by 0.4% month-on-month.

I. Year-on-year changes in industrial producer prices

Among the producer prices of industrial producers, the prices of means of production rose by 11.8%, affecting the overall level of producer prices for industrial producers to rise by about 8.85 percentage points. Among them, the price of mining industry increased by 35.0%, the price of raw material industry increased by 18.2%, and the price of processing industry increased by 7.0%. The price of living materials rose by 0.8%, affecting the overall level of producer prices for industrial producers to rise by about 0.20 percentage points. Among them, the price of food increased by 0.5%, the price of clothing increased by 1.4%, the price of general daily necessities increased by 1.3%, and the price of durable consumer goods increased by 0.6%.

Among the purchasing prices of industrial producers, the price of fuel and power rose by 30.0%, the price of chemical raw materials rose by 17.9%, the price of non-ferrous metal materials and wires rose by 17.4%, and the price of ferrous metal materials rose by 9.8%.

2. Changes in industrial producer prices month-on-month

Among the producer prices of industrial producers, the price of means of production decreased by 0.2%, affecting the overall level of producer prices for industrial producers to drop by about 0.18 percentage points. Among them, the price of mining industry decreased by 1.3%, the price of raw material industry increased by 0.6%, and the price of processing industry decreased by 0.5%. Subsistence prices were flat. Among them, the price of food decreased by 0.1%, the price of clothing and durable consumer goods both increased by 0.2%, and the price of general daily necessities increased by 0.1%.

Among the purchasing prices of industrial producers, the price of chemical raw materials fell by 1.1%, the price of fuel power fell by 0.9%, and the price of ferrous metal materials fell by 0.7%; the price of non-ferrous metal materials and wires rose by 0.3%.