The National Producer Price Index (PPI) data for April 2017 released by the National Bureau of Statistics on May 10 showed that the PPI fell by 0.4% month-on-month and increased 6.4% year-on-year. , the purchasing price of industrial producers increased by 9.0% year-on-year and decreased by 0.3% month-on-month. On average from January to April, the ex-factory price of industrial producers increased by 7.2% year-on-year, and the purchasing price of industrial producers increased by 9.3% year-on-year.
From a month-on-month perspective, PPI turned from rising to falling in April, which was the first decline since July last year. Among them, the price of means of production fell by 0.6%, and the price of means of living fell by 0.1%. Looking at major industries, prices have risen and fallen. Prices increased in the non-metallic mineral products industry, non-ferrous metal mining and dressing industry, textile industry, etc.; coal mining and washing industry prices increased by 0.3%; prices in the ferrous metal smelting and rolling industry increased by 0.3%. Industry, ferrous metal mining and processing, chemical raw materials and chemical products manufacturing fell by 3.1%, 2.6% and 1.3% respectively; the oil and natural gas mining industry and petroleum processing industry saw larger price declines, which fell by 4.2% and 0.9% respectively. , the declines expanded by 4.1 and 0.3 percentage points respectively from the previous month.
In the purchasing price of industrial producers, the price of ferrous metal materials fell by 1.1% month-on-month, the price of chemical raw materials fell by 1.0%, the price of fuel and power fell by 0.3%, and the price of non-ferrous metals fell by 1.1%. Prices of materials and wires fell by 0.1%.
From a year-on-year perspective, PPI rose by 6.4% in April, a decrease of 1.2 percentage points from the previous month, while the increase of last month was a decrease of 0.2 percentage points. Among the 40 major industrial industries surveyed, product prices in 34 industries increased year-on-year, one more than last month. Among them, prices in the oil and natural gas mining industry increased by 43.0%, prices in the coal mining and washing industry increased by 40.4%, prices in the petroleum processing industry increased by 27.5%, prices in the ferrous metal smelting and rolling processing industry increased by 22.3%, and prices in the non-ferrous metal smelting and rolling processing industry increased by 43.0%. Prices increased by 15.8%, and prices in the manufacturing industry of chemical raw materials and chemical products increased by 9.2%. The above six major industries collectively affected the PPI to rise by approximately 4.9 percentage points year-on-year, accounting for 76.6% of the total increase.
Among the purchasing prices for industrial producers, the price of fuel and power increased by 17.6% year-on-year, the price of ferrous metal materials increased by 17.3%, and the price of non-ferrous metal materials and wires increased by 15.4%. , the price of chemical raw materials increased by 8.1%.
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