NBS: The PPI in September Rose 10.7% YoY, the Fastest since 1995

SHANGHAI, Oct 14 (SMM) - In September 2021, the national ex-factory prices of industrial producers rose by 10.7% year-on-year and 1.2% month-on-month; the purchase prices of industrial producers rose 14.3% year-on-year and 1.1% month-on-month. On an average basis from January to September, the ex-factory prices of industrial producers rose by 6.7% over the same period last year, and the purchasing prices of industrial producers rose by 9.3%.

On the year-on-year basis, among the ex-factory prices of industrial producers, the prices of means of production rose by 14.2%, bringing up the index by approximately 10.60 percentage points. Among them, the prices of mining industry increased by 49.4%, the prices of raw material industry increased by 20.4%, and the prices of processing industry increased by 8.9%. The prices of means of subsistence rose by 0.4%, bringing up the index by about 0.11 percentage points. Among them, the prices of food rose by 0.7%, the prices of clothing and general daily necessities both rose by 0.4%, and the prices of consumer durables rose by 0.2%.

Among the purchasing prices of industrial producers, the prices of fuel and power rose by 30.3%, the prices of ferrous metal materials climbed by 23.3%, the prices of non-ferrous metal materials and wires rose by 22.6%, and the prices of chemical raw materials rose by 20.7%.

On the month-on-month basis, among the ex-factory prices of industrial producers, the prices of means of production rose by 1.5%, bringing up the index by approximately 1.16 percentage points. Among them, the prices of mining industry increased by 5.5%, the prices of raw material industry increased by 1.9%, and the prices of processing industry increased by 0.9%. The prices of subsistence materials remained flat. Among them, the prices of food and general daily necessities both fell by 0.a%, the prices of clothing rose by 0.2%, and the prices of consumer durables were flat.

Among the purchasing prices of industrial producers, the prices of fuel and power rose by 3.9%, the prices of non-ferrous metal materials and wires rose by 1.7%, the prices of chemical raw materials rose by 1.0%, and the price of ferrous metal materials fell by 0.9%.