In December 2012, Producer Price Index (PPI) for manufactured goods decreased 1.9 percent, year-on-year, and 0.1 percent decrease month-on-month. The purchasing price index for manufactured goods went down by 2.4 percent year-on-year, and 0.1 percent decrease month-on-month. In the average in 2013, the PPI decreased 1.7 percent, year-on-year, the purchasing price index for manufactured goods went down by 1.8 percent year-on-year.
1. Year-on-Year Changes of Prices of Different Categories
The year-on-year change of producer prices for means of production decreased 2.7 percent. In which, producer prices for mining and quarrying industry decreased 6.1 percent; that of raw materials industry decreased 2.4 percent, that of manufacturing and processing industry decreased 2.5 percent. Producer prices for consumer goods went up by 0.5 percent. Of which, producer prices for foodstuff increased 0.9 percent, that of clothing increased 1.3 percent, that of commodities up by 0.8 percent, while that of durable consumer goods dropped 0.8 percent.
The year-on-year purchaser price indexes for non-ferrous metal materials and wires decreased 8.4 percent, chemical raw materials decreased 3.7 percent, ferrous metals, fuel and power decreased 2.5 percent simultaneously, textile raw materials prices fell 1.5 percent, agricultural and sideline products prices rose 1.6 percent.
2. Month-on-Month Changes of Prices of Different Categories
The month-on-month change of producer prices for means of production decreased 0.1 percent. Of the total, producer prices for mining and quarrying industry decreased 0.1 percent, that of raw materials industry decreased 0.1 percent, that of manufacturing and processing industry dropped 0.1 percent. Producer prices for consumer goods increased 0.1 percent month-on-month. Of which, producer prices for foodstuff went up by 0.3 percent, clothing increased 0.1 percent, and durable consumer goods and commodities remained at the same level (the amount of change was 0).
The month-on-month purchaser price indexes for agricultural and sideline products prices rose 0.5 percent, non-ferrous metal materials and wires,textile raw materials prices rose 0.1 percent simultaneously, ferrous materials remained at the same level (the amount of change was 0), chemical raw materials went down 0.4 percent, fuel and power decreased 0.3 percent.
| Price Indexes for the Industrial Sector in December | |||
|
| December | 2012 | |
| M/M(%) | Y/Y(%) | Y/Y(%) | |
|
|
|
|
|
| I. Producer Price Indexes | -0.1 | -1.9 | -1.7 |
| Means of production | -0.1 | -2.7 | -2.5 |
| Mining and quarrying | -0.1 | -6.1 | -2.4 |
| Raw materials | -0.2 | -2.4 | -2.0 |
| Processing | -0.1 | -2.5 | -2.7 |
| Means of subsistence | 0.1 | 0.5 | 0.8 |
| Food | 0.3 | 0.9 | 1.4 |
| Clothing | 0.1 | 1.3 | 2.1 |
| Articles for daily use | 0.0 | 0.8 | 0.9 |
| Durable consumer goods | 0.0 | -0.8 | -0.9 |
|
|
|
|
|
| II. Purchaser Price Indexes | -0.1 | -2.4 | -1.8 |
| Fuel and Power | -0.3 | -2.5 | 0.9 |
| Ferrous Metals | 0.0 | -8.4 | -7.1 |
| Non-ferrous Metal Materials and Wires | 0.1 | -2.5 | -5.5 |
| Chemical Raw Materials | -0.4 | -3.7 | -3.9 |
| Wood and Pulp | -0.2 | -0.8 | 0.1 |
| Building Materials and Non-metallic | -0.2 | -1.4 | -0.3 |
| Other Industrial Raw Materials and Semi-products | -0.1 | -1.1 | -1.0 |
| Agricultural and Sideline Products | 0.5 | 1.6 | 0.2 |
| Textile Raw Materials | 0.1 | -1.5 | -0.9 |
|
|
|
|
|
Annotations:
1. Explanatory Notes
Producer Price Index 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.
2. Statistical Coverage
The statistical survey of industrial producer prices covers prices for over 11,000 products from 1702 subclasses, 191 groups; and the statistical surveys of industrial purchaser prices cover prices for over 6,000 industrial products from over 900 subclasses.
3. Survey Methods
Industrial producer prices are collected from combined surveys of key businesses and typical businesses. Starting from 2011, the key businesses are those with their turnover from primary activities over 20 million yuan, and the typical businesses are those with less than 20 million yuan. The surveys cover about 60,000 industrial enterprises in over 400 cities across the country.
