NBS: China October PPI Growth Rose for the Fourth Consecutive Month

Published: Nov 10, 2021 11:33

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In October 2021, the national industrial producer ex-factory prices rose 13.5% year-on-year and 2.5% month-on-month. Industrial producer purchase prices rose 17.1% YoY and 2.6% MoM. On an average basis from January to October, industrial producer ex-factory prices rose 7.3% and industrial producer purchase prices rose 10.1% over the same period last year.

SHANGHAI, Nov 10 - In October 2021, the national industrial producer ex-factory prices rose 13.5% year-on-year and 2.5% month-on-month. Industrial producer purchase prices rose 17.1% YoY and 2.6% MoM. On an average basis from January to October, industrial producer ex-factory prices rose 7.3% and industrial producer purchase prices rose 10.1% over the same period last year.

I. YoY growth of PPI

For industrial producer ex-factory prices, the production materials prices rose 17.9%, affecting the total index by about +13.36 percentage points. Among them, the prices of extractive industries rose 66.5%, the prices of raw materials industry rose 25.7%, and the prices of processing industry rose 10.8%. Living materials prices rose 0.6%, affecting the total index by about +0.15 percentage point. Among them, food prices rose by 1.0%, clothing and general daily necessities prices both rose by 0.8%, while prices of consumer durables fell by 0.1%.

For industrial producers purchase prices, fuel and power prices rose 40.7%, non-ferrous metal and wire prices rose 25.8%, chemical raw materials prices rose 24.9%, and ferrous metal prices rose 22.6%.

II. MoM growth of PPI

For industrial producer ex-factory prices, production materials prices rose 3.3%, affecting the total index by about +2.51 percentage points. Among them, the prices of extractive industries rose 12.1%, the prices of raw materials industry rose 4.4%, and the prices of processing industry rose 1.8%. Living materials prices rose 0.1%, affecting the total index by about +0.02 percentage point. Among them, food prices rose 0.2%, clothing and general daily necessities prices both rose 0.3%, and consumer durables prices fell 0.2%.

For industrial producers purchase prices, fuel and power prices rose 7.7%, chemical raw materials prices rose 4.4%, non-ferrous metal and wire prices rose 2.4%; ferrous metal prices fell 0.4%.

PPI

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