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China: Producer Price Index (PPI) for Manufactured Goods Increased in January, 2011
added: 2011-02-17

In January 2011, Producer Price Index (PPI) for manufactured goods was up by 0.9 percent month-on-month and 6.6 percent year-on-year; purchasing prices for industrial producers rose by 1.2 percent month-on-month and 9.7 percent year-on-year.

PPI for means of production increased 1.0 percent over last December. Of the total, PPIs for mining and quarrying industry increased 2.3 percent; that of raw materials industry and machining industry correspondingly up by 1.3 and 0.7 percent. PPI for means of consumer goods grew 0.5 percent over the previous month. Of which, PPIs for foodstuff increased 1.0 percent; that of clothing and commodities rose 0.5 and 0.5 percent, while that of durable consumer goods dropped 0.1 percent.

PPI for means of production increased 7.5 percent year-on-year. Of the total, PPIs for mining and quarrying industry increased 13.7 percent; that of raw materials industry and machining industry correspondingly up by 10.0 and 5.8 percent. PPI for means of consumer goods grew 3.8 percent. Of which, PPIs for foodstuff increased 6.6 percent; that of clothing and commodities rose 3.8 and 4.2 percent, while that of durable consumer goods dropped 0.8 percent.

In terms of different categories:

PPI for crude oil increased 5.4 percent, month-on-month. PPIs for oil products, such as gasoline, diesel and kerosene increased 3.2, 3.3 and 4.0 percent respectively.

PPI for latex surged by 3.9 percent month-on-month; that for polystyrene foam climbed 2.3 percent.

PPI for mining and washing of coal industry was up by 1.6 percent over last December. Of which, PPI for crude coal increased 1.4 percent.

PPI for smelting and pressing of ferrous metals grew 2.0 percent month-on-month. Of which, PPIs for large and medium & small steels surged by 3.0 and 2.2 percent; that of wire rod and heavy steel plate got an increase of 1.8 and 4.2 percent.

PPI for smelting and pressing of nonferrous metals was up by 2.8 percent month-on-month. Of the total, copper, zinc, aluminum and lead climbed 4.4, 1.9, 1.8 and 1.6 percent respectively.

In addition, wherein the purchasing price for industrial producers, the price for nonferrous metal materials, fuel and power, ferrous metal materials, and farming by-products increased 2.4, 1.8, 1.4 and 1.0 percent respectively month-on-month.


Source: National Bureau of Statistics of China

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