The National Bureau of Statistics released today the industrial producer price index (PPI) data for March 2017, which showed that the PPI increased by 0.3% month-on-month and 7.6% year-on-year. The purchasing price of industrial producers increased by 10.0% year-on-year and 0.5% month-on-month. Among them, the price of chemical raw materials and chemical products manufacturing industry increased by 0.5% month-on-month and 11.5% year-on-year.
Year-on-year changes in industrial producer prices
Among the industrial producer prices, the price of production means increased by 10.1% year-on-year, affecting the overall level of industrial producer prices to increase by about 7.4 percentage points. Among them, the price of the mining industry increased by 33.7%, the price of the raw material industry increased by 14.9%, and the price of the processing industry increased by 6.5%. The price of daily necessities increased by 0.7% year-on-year, affecting the overall level of factory prices for industrial producers to increase by approximately 0.2 percentage points. Among them, food prices increased by 0.7%, clothing prices increased by 1.3%, general daily necessities prices increased by 1.4%, and durable consumer goods prices decreased by 0.4%.
It is estimated that among the 7.6% year-on-year increase in the overall level of industrial producer prices in March, the tail-off factor of last year’s price changes was about 5.8 percentage points. The new price increase The factor is about 1.8 percentage points.
Among the purchasing prices for industrial producers, the price of ferrous metal materials increased by 21.8% year-on-year, the price of fuel and power increased by 19.0%, and the price of non-ferrous metal materials and wires increased by 16.1%. , the price of chemical raw materials increased by 10.0%.
Month-on-month changes in industrial producer prices
In the ex-factory price of industrial producers, the price of means of production increased by 0.5% month-on-month, affecting the overall level of ex-factory price of industrial producers by about 0.3 percentage points. Among them, the price of the mining industry increased by 0.6%, that of the raw material industry increased by 0.3%, and that of the processing industry increased by 0.5%. Prices of daily necessities remained unchanged month-on-month (the increase or decrease was 0, the same below). Among them, food prices fell by 0.2%, clothing prices remained unchanged, and prices of general daily necessities and durable consumer goods both increased by 0.1%.
Among the purchasing prices for industrial producers, the price of ferrous metal materials increased by 1.9% month-on-month, the price of non-ferrous metal materials and wires increased by 0.6%, and the price of chemical raw materials increased by 0.5%. , fuel and power prices increased by 0.3%.
In the first quarter, the ex-factory price of industrial producers increased by 7.4% year-on-year, and the purchasing price of industrial producers increased by 9.4% year-on-year.
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