[NBS: Prices in Oil and Natural Gas Extraction Industry Up 18.5% MoM in April]

Published: May 11, 2026 17:15

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Dong Lijuan, Chief Statistician of the Urban Division of the NBS, interpreted the April 2026 PPI data. On a MoM basis, the national PPI rose 1.7% MoM, with the increase expanding by 0.7 percentage points from the previous month. A key feature of the monthly PPI movement was that international input factors drove up prices in China's petroleum-related industries. The rise in international crude oil prices drove up prices in China's petroleum-related industries. Specifically, prices in the oil and natural gas extraction industry were up 18.5% MoM, the petroleum, coal, and other fuel processing industry up 16.4%, the chemical raw material and chemical product manufacturing industry up 8.3%, the chemical fiber manufacturing industry up 5.6%, and the rubber and plastic products industry up 1.7%

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