China News Service, May 12, according to the National Bureau of Statistics website, in April 2020, the national factory producer price fell 3.1% year-on-year and 1.3% month-on-month; the industrial producer purchase price fell 3.8% year-on-year and 2.3 month-on-month %. On average from January to April, the ex-factory price of industrial producers fell by 1.2% over the same period last year, and the purchase price of industrial producers fell by 1.5%.
Among the ex-factory prices of industrial producers, the prices of means of production fell by 4.5% year-on-year, an increase of 2.1 percentage points from the previous month, which affected the overall level of ex-factory prices of industrial producers by about 3.31 percentage points. Among them, the prices of extractive industries fell by 11.6%, the prices of raw materials industries fell by 8.8%, and the prices of processing industries fell by 2.2%. The price of living materials rose by 0.9% year-on-year, or 0.3 percentage points lower than the previous month, which affected the overall level of industrial producers ’ex-factory prices to rise by about 0.23 percentage points. Among them, food prices rose by 3.7%, clothing prices fell by 0.6%, general commodity prices fell by 0.1%, and durable consumer goods prices fell by 1.7%.
Among the purchase prices of industrial producers, the price of fuel and power decreased by 11.4%, the price of chemical raw materials decreased by 9.3%, the price of non-ferrous metal materials and wires decreased by 6.6%, the price of ferrous metal materials decreased by 1.7%; the price of agricultural and sideline products increased by 6.8 %, The price of construction materials and non-metallic products rose by 1.4%.
Among the producer prices of industrial producers, the prices of means of production fell by 1.8% month-on-month, a decrease of 0.6 percentage points from the previous month, which affected the overall level of producer prices of industrial producers by about 1.28 percentage points. Among them, the prices of extractive industries fell by 7.2%, the prices of raw materials industries fell by 3.3%, and the prices of processing industries fell by 0.7%. The price of living materials decreased by 0.1% month-on-month, and the rate of decrease narrowed by 0.1 percentage point from the previous month, which affected the overall level of industrial producers ’ex-factory prices by about 0.03 percentage points. Among them, the prices of food, general daily necessities and durable consumer goods all fell by 0.1%, and the price of clothing fell by 0.2%.
Among the purchase prices of industrial producers, the price of fuel and power fell by 7.4%, the price of chemical raw materials fell by 2.9%, the price of non-ferrous metal materials and wires fell by 2.2%, and the price of ferrous metal materials fell by 1.0%.