PPI 2019

China’s producer price index (PPI) dropped by 0.5 percent year-on-year in December 2019. For the whole of 2019, the PPI edged down by 0.3 percent, according to NBS data.

It was down from a growth of 3.5 percent recorded in 2018.

In December 2019, the PPI dropped 0.5 percent year-on-year, shrinking from a 1.4-percent decline in November.

For the whole of 2019, the purchasing prices for industrial producers were down by 0.7 percent, according to NBS data.

In December alone, the purchaser price index for manufactured goods decreased by 1.3 percent year-on-year while unchanged month-on-month.

In the purchaser price index, the year-on-year purchaser price indices for agricultural and sideline products, building materials and non-metallic materials, and ferrous metal materials, jumped 6.6, 2.8 and 0.9 percent, while those of chemical raw materials, fuel and power, and non-ferrous metal materials and wires, decreased by 7.4, 3.3 and 1.9 percent respectively.

Notes:

Producer Price Index (PPI) for manufactured goods consists of producer price index and purchaser price index.

The industrial producer price index reflects the trend and level of prices change when the products are sold for the first time.

The industrial purchaser price index reflects the trend and level of prices change for the products purchased by the industrial enterprises as intermediate inputs.