In January, the prices of coal and steel fell, driving the overall price of industrial products to fall.

China consumer price index rose 1.5% year-on-year in December, compared to the estimate of 1.7% and the previous reading of 2.3%. China's ex-works producer price index rose 10.3% year-on-year in December, compared with the estimate of 11.3% and the previous reading of 12.9%.

In November 2021, Producer Price Index (PPI) for manufactured goods rose 12.9% year-on-year, unchanged from the previous month. The purchasing price index for manufactured goods rose 17.4% year-on-year, up 1.0% from the previous month. From January to November, the producer price of industrial products rose 7.9% from the same period last year, and the purchasing price of industrial products rose 10.7%.

China’s price increases of industrial products have both expanded month on month and year on year in August due to the higher prices of coal, chemicals, steel and other products.

In August, 2021, the national industrial producer ex-factory prices rose 9.5% year-on-year, a record high since August 2008. The index climbed 0.7% from July. Industrial producer purchase prices rose 13.6% YoY, and 0.8% MoM. From January to August on an average basis, industrial producer ex-factory prices rose 6.2% over the same period last year, and industrial producer purchase prices rose 8.6%.

National Statistics Bureau (NBS) released today the July CPI (Consumer Price Index) and PPI (Producer Price Index) data.

In June, the Purchasing Manager Index (PMI) of China's manufacturing industry was 50.9 percent, a slight drop of 0.1 percentage point compared with last month, and continued to be above the threshold. The manufacturing industry continued to expand steadily.

In May, the Purchasing Manager Index (PMI) of China's manufacturing industry was 51.0 percent, 0.1 percentage point lower than that of last month, and still higher than the threshold. The manufacturing industry kept expanding steadily.

In March 2021, China's Manufacturing Purchasing Managers Index (PMI) was 51.9 percent, 1.3 percentage points higher than that of last month, and the climate of manufacturing industry recovered.

China produced 174.99 million mt of crude steel in January-February, a year-on-year increase of 12.9%.