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PPI for manufactured goods increased 5.5 percent yoy

China industry
Chinese economy   Producer Price Index

In December 2016, Producer Price Index (PPI) for manufactured goods increased 1.6 percent month-on-month, and increased 5.5 percent year-on-year.


The purchasing price index for manufactured goods increased 1.9 percent month-on-month, and increased 6.3 percent year-on-year. In 2016, the PPI decreased 1.4 percent year-on-year, the purchasing price index for manufactured goods went down by 2.0 percent year-on-year.

The year-on-year change of producer prices for means of production increased 7.2 percent, meaning 5.3 percentage points increase in the overall price level.

Of which, producer prices for mining and quarrying industry increased 21.1 percent; that of raw materials industry increased 9.8 percent; that of manufacturing and processing industry increased 5.1 percent.

Producer prices for consumer goods increased 0.8 percent year-on-year, meaning 0.2 percentage points increase in the overall price level. Of which, producer prices for foodstuff, clothing, and commodities increased 1.3 percent, that of durable consumer goods dropped by 0.8 percent.

The year-on-year purchaser price indices for ferrous metal materials increased 15.1 percent, non-ferrous metal materials and wires went up by 14.9 percent, fuel and power increased 10.1 percent.

The producer prices for means of production increased 2.0 percent month-on-month, meaning 1.5 percentage points increase in the overall price level.

Of the total, producer prices for mining and quarrying industry, as well as raw materials industry increased 2.7 percent, that of manufacturing and processing industry increased 1.6 percent.

Producer prices for consumer goods increased 0.3 percent month-on-month, meaning 0.1 percentage point increase in the overall price level.

Of which, producer prices for foodstuff and commodities increased 0.4 percent, that of clothing increased 0.3 percent, that of durable consumer goods increased 0.1 percent.

The month-on-month purchaser price indices for ferrous metal materials increased 4.1 percent, that of non-ferrous metal materials and wires went up by 3.3 percent, that of fuel and power went up by 2.3 percent.

 

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