According to the website of the National Bureau of Statistics, in April 2024, the ex factory prices of industrial producers in China decreased by 2.5% year-on-year, while the purchase prices of industrial producers decreased by 3.0% year-on-year, with a decrease of 0.3 and 0.5 percentage points respectively compared to the previous month; The ex factory prices and purchase prices of industrial producers decreased by 0.2% and 0.3% respectively month on month. On average, from January to April, the ex factory prices of industrial producers decreased by 2.7% compared to the same period last year, and the purchase prices of industrial producers decreased by 3.3%.
1, Year-on-year changes in industrial producer prices in April
In the ex factory prices of industrial producers, the price of means of production decreased by 3.1%, affecting the overall level of ex factory prices of industrial producers by about 2.32 percentage points. Among them, the prices of mining industry decreased by 4.8%, the prices of raw material industry decreased by 1.9%, and the prices of processing industry decreased by 3.6%. The price of living materials has decreased by 0.9%, affecting the overall level of factory prices for industrial producers by about 0.22 percentage points. Among them, food prices decreased by 0.8%, clothing prices increased by 0.3%, general daily necessities prices increased by 0.1%, and durable consumer goods prices decreased by 1.9%.
In the purchasing prices of industrial producers, the prices of building materials and non-metallic materials decreased by 8.5%, the prices of black metal materials decreased by 5.5%, the prices of agricultural and sideline products decreased by 5.2%, and the prices of fuel, power, and chemical raw materials both decreased by 4.3%; The prices of non-ferrous metal materials and wires increased by 3.3%, while the prices of textile raw materials increased by 0.5%.
2, The month on month changes in industrial producer prices in April
In the ex factory prices of industrial producers, the price of means of production decreased by 0.2%, affecting the overall level of ex factory prices of industrial producers by about 0.17 percentage points. Among them, the prices of mining industry decreased by 1.0%, the prices of raw material industry increased by 0.3%, and the prices of processing industry decreased by 0.4%. The price of living materials has decreased by 0.1%, affecting the overall level of factory prices for industrial producers by about 0.03 percentage points. Among them, food prices decreased by 0.1%, clothing prices remained stable, general daily necessities prices increased by 0.3%, and durable consumer goods prices decreased by 0.5%.
In the purchasing prices of industrial producers, the prices of black metal materials decreased by 1.8%, the prices of fuel and power materials decreased by 1.4%, the prices of building materials and non-metallic materials decreased by 1.2%, and the prices of agricultural and sideline products decreased by 0.3%; The prices of non-ferrous metal materials and wires have increased by 2.8%, while the prices of chemical raw materials have increased by 0.1%; The prices of textile raw materials remained unchanged.