NBS: August PPI up 9.5% YoY, A New Record High since August, 2008

SHANGHAI, Sep 9 (SMM) - 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%.

For industrial producers purchase prices on a year-on-year basis, ferrous metal materials prices rose 26.3%, fuel and power prices rose 26.2%, non-ferrous metal materials and wire prices rose 21.6%, and chemical raw materials prices rose 20.3%.

For industrial producers purchase prices on a month-on-month basis, fuel and power prices rose by 2.4%, chemical raw materials prices rose by 1.3%, non-ferrous metal materials and wires prices rose by 1.0%, and ferrous metal materials prices rose by 0.2%.