National Bureau Of Statistics: In July, The Ex-Factory Price Of Industrial Producers Fell By 4.4% Year-On-Year And 0.2% Month-On-Month

According to the website of the National Bureau of Statistics, in July 2023, the ex-factory price of industrial producers nationwide fell by 4.4% year-on-year and 0.2% month-on-month; the purchase price of industrial producers decreased by 6.1% year-on-year and 0.5% month-on-month. On average from January to July, the ex-factory price of industrial producers decreased by 3.2% over the same period of the previous year, and the purchasing price of industrial producers decreased by 3.5%.

1. Year-on-year changes in industrial producer prices in July

Among the ex-factory prices of industrial producers, the price of means of production fell by 5.5%, which affected the overall level of ex-factory prices of industrial producers to drop by about 4.25 percentage points. Among them, the price of mining industry dropped by 14.7%, that of raw material industry dropped by 7.6%, and that of processing industry dropped by 3.8%. The price of means of subsistence fell by 0.4%, which affected the overall level of ex-factory prices of industrial producers to drop by about 0.11 percentage points. Among them, the price of food decreased by 0.9%, that of clothing increased by 1.5%, that of general daily necessities increased by 0.8%, and that of durable consumer goods decreased by 1.5%.

In the purchase price of industrial producers, the prices of chemical raw materials decreased by 13.3%, the prices of fuel and power decreased by 12.2%, the prices of ferrous metal materials decreased by 8.1%, and the prices of construction materials, non-metallic products, and agricultural and sideline products decreased by 5.6%. The prices of metal materials and electric wires decreased by 0.1%.

2. Month-on-month changes in industrial producer prices in July

Among the ex-factory prices of industrial producers, the price of means of production dropped by 0.4%, which affected the overall level of ex-factory prices of industrial producers to drop by about 0.27 percentage points. Among them, the prices of the mining industry decreased by 0.1%, and the prices of the raw material industry and the processing industry both decreased by 0.4%. The price of subsistence materials rose by 0.3%, which affected the overall level of ex-factory prices of industrial producers to rise by about 0.07 percentage points. Among them, the price of food rose by 0.3%, that of clothing rose by 0.6%, and that of general daily necessities and durable consumer goods both rose by 0.2%.

Among the purchase prices of industrial producers, the prices of building materials and non-metallic products decreased by 1.9%, the prices of chemical raw materials decreased by 1.5%, the prices of fuel and power decreased by 1.4%, the prices of ferrous metal materials decreased by 0.3%, and the prices of agricultural and sideline products decreased by 0.1% %; the prices of non-ferrous metal materials and wires rose by 0.3%.