China News Service, August 10. According to the website of the National Bureau of Statistics, in July 2020, the national factory prices for industrial producers dropped 2.4% year-on-year and increased 0.4% month-on-month; the purchasing prices of industrial producers dropped 3.3% year-on-year and 0.9% month-on-month. %. On average from January to July, the ex-factory price of industrial producers fell by 2.0% over the same period last year, and the purchase price of industrial producers fell by 2.7%.
Year-on-year changes in industrial producer prices
Among the ex-factory prices of industrial producers, the prices of means of production fell by 3.5% year-on-year, and the rate of decline narrowed by 0.7 percentage points from the previous month, affecting the overall level of industrial producers' ex-factory prices by about 2.56 percentage points. Among them, the price of mining and quarrying industry fell by 7.1%, the price of raw material industry fell by 6.9%, and the price of processing industry fell by 1.8%. The price of means of subsistence rose by 0.7% year-on-year, an increase of 0.1 percentage point from the previous month, affecting the overall increase in the factory price of industrial producers by approximately 0.19 percentage point. Among them, food prices rose by 3.7%, clothing prices fell by 1.1%, general daily necessities fell by 0.8%, and durable consumer goods prices fell by 1.6%.
Among the purchase prices of industrial producers, the price of fuel and power dropped by 10.8%, the price of chemical raw materials dropped by 8.9%, the price of ferrous metal materials dropped by 2.8%, the price of non-ferrous metal materials and wires dropped by 0.3%, and the price of agricultural and sideline products dropped by 6.8%. %.
Changes in industrial producer prices month-on-month
Among the ex-factory prices of industrial producers, the prices of means of production rose by 0.5%, the same rate of increase as last month, affecting the overall increase of the ex-factory prices of industrial producers by about 0.34 percentage points. Among them, the price of mining and quarrying industry rose 3.1%, the price of raw material industry rose 0.9%, and the price of processing industry rose 0.1%. The price of means of subsistence rose by 0.1%, the same rate of increase as last month, affecting the overall increase in factory prices of industrial producers by about 0.04 percentage points. Among them, the price of food rose by 0.6%, the price of clothing fell by 0.3%, the price of general daily necessities fell by 0.2%, and the price of durable consumer goods remained flat.
Among the purchasing prices of industrial producers, the prices of non-ferrous metal materials and wires increased by 3.0%, the prices of fuel and power increased by 2.5%, the prices of agricultural and sideline products increased by 1.4%, and the prices of ferrous metal materials increased by 0.9%; building materials and non-metallic materials The price fell by 0.6%.