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Bureau of Statistics: Industrial producers' prices for November 2019 fell 1.4% year-on-year

Source: National Bureau of Statistics Website release time: 2019-12-10

In November 2019, the ex-factory price of industrial producers nationwide decreased by 1.4% year-on-year and 0.1% month-on-month; the purchase price of industrial producers decreased by 2.2% year-on-year and 0.1% month-on-month. On average from January to November, the ex-factory price of industrial producers decreased by 0.3% compared with the same period last year, and the purchase price of industrial producers decreased by 0.7%.

I. Year-on-year changes in industrial producer prices

Among the factory prices of industrial producers, the prices of means of production dropped by 2.5% year-on-year, a decrease of 0.1 percentage point from the previous month, which affected the overall level of factory prices of industrial producers by about 1.84 percentage points. Among them, the prices of extractive industries fell by 1.4%, the prices of raw materials industries fell by 5.0%, and the prices of processing industries fell by 1.6%. The price of means of living rose by 1.6% year-on-year, an increase of 0.2 percentage points from the previous month, and affected the total level of industrial producers' prices rose by about 0.40 percentage point. Among them, food prices rose by 5.4%, clothing prices rose by 0.3%, general commodity prices rose by 0.1%, and durable consumer goods prices fell by 2.1%.

Among the purchase prices of industrial producers, the prices of agricultural and sideline products rose by 7.2%, the prices of construction materials and non-metals rose by 2.9%; the prices of chemical raw materials fell by 8.4%, the prices of fuel power fell by 5.8%, and the prices of non-ferrous metal materials and wires It fell by 2.3%, and the price of ferrous metal materials fell by 0.5%.

Second, the chain of changes in industrial producer prices

Among the ex-factory prices of industrial producers, the prices of means of production fell by 0.2% month-on-month, which affected the overall level of ex-factory prices of industrial producers by about 0.15 percentage points. Among them, the prices of extractive industries fell by 0.8%, the prices of raw materials industries fell by 0.4%, and the prices of processing industries fell by 0.1%. The prices of means of living rose by 0.3% month-on-month, the same increase as last month, affecting the overall level of industrial producers' prices rose by about 0.08 percentage point. Among them, the price of food increased by 1.1%, the price of clothing remained flat, the price of general daily necessities fell by 0.3%, and the price of durable consumer goods fell by 0.2%.

Among the purchase prices of industrial producers, the prices of construction materials and non-metals rose by 1.3%, and the prices of agricultural and sideline products rose by 0.9%; the prices of ferrous metals fell by 0.9%, the prices of fuel and power fell by 0.4%, and the prices of non-ferrous metals and wires Prices fell by 0.2%.

Main data of industrial producer prices in November 2019


Notes

Index explanation

The industrial producer price index includes the producer price index for industrial products (PPI) and the industrial producer purchase price index.

The ex-factory price index of industrial producers reflects the trend and extent of ex-factory prices when industrial products are sold for the first time.

The purchasing price index of industrial producers reflects the changing trend and range of purchasing prices of industrial enterprises as intermediate input products.

2. Statistical scope

The statistical survey of industrial producers' ex-factory prices covers the prices of more than 20,000 industrial products in 1638 basic categories; the statistical survey of the purchase prices of industrial producers covers the prices of more than 10,000 industrial products in more than 900 basic categories.

3. Survey method

The industrial producer price survey adopts a survey method combining a key survey and a typical survey. Enterprises with annual main business income of more than 20 million yuan use key survey methods, and enterprises with annual main business income of less than 20 million yuan use typical survey methods. The industrial producer price survey involved more than 50,000 industrial enterprises nationwide.

4. Statistical standards

The basis for the classification of industrial industries is the National Economic Industry Classification (GB / T4754-2017).

5. Data description

Due to “rounding”, sometimes the total data is the same as the high or low value of the classification data.

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