China News Service, March 9. According to the website of the National Bureau of Statistics, in February 2024, the national industrial producer price fell by 2.7% year-on-year and 0.2% month-on-month; the industrial producer purchasing price fell by 3.4% year-on-year and 0.2% month-on-month. %.
On average from January to February, the ex-factory price of industrial producers fell by 2.6% compared with the same period last year, and the purchasing price of industrial producers fell by 3.4%.
Screenshot of the National Bureau of Statistics website
Year-on-year changes in industrial producer prices in February
In the ex-factory price of industrial producers, the price of means of production fell by 3.4%, affecting the overall level of ex-factory price of industrial producers by approximately 2.51 percentage points.
Among them, the price of the mining industry fell by 5.5%, the price of the raw material industry fell by 3.4%, and the price of the processing industry fell by 3.2%.
The price of daily necessities fell by 0.9%, affecting the overall level of factory prices for industrial producers to drop by about 0.22 percentage points.
Among them, food prices fell by 0.9%, clothing prices increased by 0.3%, general daily necessities prices remained unchanged, and durable consumer goods prices fell by 1.9%.
Among the purchasing prices for industrial producers, the price of fuel and power fell by 6.6%, the price of building materials and non-metallic materials fell by 6.5%, the price of chemical raw materials fell by 5.6%, the price of agricultural and sideline products fell by 5.3%, and the price of ferrous metal materials fell by 1.5%. %; the prices of non-ferrous metal materials and wires increased by 0.6%.
Screenshot of the National Bureau of Statistics website
Month-on-month changes in industrial producer prices in February
In the ex-factory price of industrial producers, the price of means of production fell by 0.3%, affecting the overall level of ex-factory price of industrial producers by about 0.22 percentage points.
Among them, the price of the mining industry increased by 0.2%, the price of the raw material industry decreased by 0.4%, and the price of the processing industry decreased by 0.3%.
The price of daily necessities fell by 0.1%, affecting the overall level of factory prices for industrial producers to fall by about 0.02 percentage points.
Among them, the prices of food and durable consumer goods remained unchanged, the prices of clothing fell by 0.1%, and the prices of general daily necessities fell by 0.2%.
Among the purchasing prices for industrial producers, the prices of building materials, non-metallic products, and agricultural and sideline products all fell by 0.5%, the prices of fuel and power, and ferrous metal materials all fell by 0.3%, and the prices of chemical raw materials fell by 0.2%; non-ferrous metal materials and Electric wire prices were flat.
Screenshot of the National Bureau of Statistics website