NBS: China PPI Added 6.4% YoY in May, and Rose 0.1% MoM

SHANGHAI, Jun 10 - In May 2022, China industrial producer price index rose 6.4% year-on-year and 0.1% month-on-month; the industrial producer purchase price index rose 9.1% YoY and 0.5% MoM. From January to May on average, industrial producer price index rose 8.1% YoY and industrial producer purchase price index rose 10.8% YoY.

YoY changes

In terms of the YoY changes of industrial producer price index, production materials prices rose 8.1%, affecting the total level of PPI by about +6.17 percentage points. Among them, the prices of extractive industries rose 29.7%, the prices of raw materials industry rose 15.1%, and the prices of processing industry rose 3.2%. Living materials prices rose 1.2%, affecting the total level of PPI by about +0.27 percentage points. Among them, food prices rose 2.2%, clothing prices rose 1.2%, prices of general daily necessities rose 1.5%, while prices of consumer durables fell 0.1%.

Among industrial producers purchase prices, fuel and power prices rose 31.6%, chemical raw materials prices rose 10.5%, non-ferrous metal materials and wire prices rose 9.5%; while ferrous metal materials prices fell 0.5%.

MoM changes

In terms of the MoM changes of industrial producer price index, production materials prices rose 0.1%, affecting the total level of PPI by about +0.06 percentage points. Among them, the prices of extractive industries fell 0.1%, the prices of raw materials industry rose 0.1%, and the prices of processing industry rose 0.1%. Living materials prices rose 0.3%, affecting the total level of PPI by about +0.08 percentage points. Among them, food prices rose 0.6%, clothing prices rose 0.5%, general daily necessities prices rose 0.2%, and consumer durables prices rose 0.1%.

Among industrial producers purchase prices, fuel and power prices rose 0.4%, chemical raw materials prices rose 0.2%, ferrous metal materials prices rose 0.1%; while non-ferrous metal materials and wire prices fell 0.2%.