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Producer Price Index in the Industrial Sector for March 2023
Updated: Apr 19, 2023
National Bureau of Statistics
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In March 2023, Producer Price Index (PPI) for manufactured goods decreased by 2.5 percent year-on-year and was unchanged month-on-month; the purchasing price of industrial products decreased by 1.8 percent year-on-year and was unchanged month-on-month.
In the first quarter, the producer price of industrial products decreased by 1.6 percent over the same period last year, and the purchasing price of industrial products decreased by 0.8 percent.
1. Year-on-Year Changes of Prices of Different Categories in March
Among the producer price of industrial products, the price of means of production decreased by 3.4 percent, affecting the overall level of producer price of industrial products decreased by about 2.65 percentage points. Among them, the price of the mining industry decreased by 4.7 percent, the price of the raw material industry decreased by 4.2 percent, and the price of the processing industry decreased by 2.8 percent.
The price of means of living increased by 0.9 percent, affecting the overall level of producer price of industrial products increased by about 0.20 percentage point. Among them, the prices of food and clothing both increased by 2.0 percent, general commodity prices increased by 0.5 percent, and durable consumer goods prices decreased by 0.2 percent.
Among the purchase prices of industrial producers, the price of chemical raw materials decreased by 7.1 percent, the price of ferrous metal materials decreased by 7.0 percent, the price of building materials and non-metallic decreased by 4.6 percent, the price of non-ferrous metal materials and wires decreased by 3.5 percent; the price of agricultural and sideline products increased by 3.7 percent, the price of fuel and power increased by 0.1 percent.
2. Month-on-Month Changes of Prices of Different Categories in March
Among the producer price of industrial products, the price of means of production was flat. Among them, the price of mining industry decreased by 0.5 percent, the price of raw materials industry decreased by 0.2 percent, and the price of processing industry increased by 0.1 percent.
The price of means of living was flat. Among them, food prices and durable consumer goods prices both decreased by 0.1 percent, clothing prices increased by 0.1 percent, and general commodity prices increased by 0.2 percent.
Among the purchase prices of industrial producers, the price of ferrous metal materials increased by 1.1 percent, the price of non-ferrous metal materials and wires increased by 0.7 percent, the price of agricultural and sideline products increased by 0.2 percent, the price of building materials and non-metallic increased by 0.1 percent; the price of fuel and power decreased by 1.1 percent, the price of chemical raw materials decreased by 0.2 percent.
