National Bureau Of Statistics: In February 2022, The Factory Price Of Industrial Producers Rose By 8.8% Year On Year

In February 2022, the ex factory prices of industrial producers in China increased by 8.8% year-on-year and 0.5% month on month; The purchase price of industrial producers increased by 11.2% year-on-year and 0.4% month on month. From January to February, the ex factory prices of industrial producers rose by 8.9% over the same period last year, and the purchase prices of industrial producers rose by 11.6%.

1、 Year on year changes in industrial producer prices

Among the ex factory prices of industrial producers, the price of means of production rose by 11.4%, which affected the overall level of ex factory prices of industrial producers by about 8.56 percentage points. Among them, the prices of mining industry, raw material industry and processing industry increased by 33.0%, 17.9% and 6.6%, respectively. The price of means of living rose by 0.9%, which affected the rise of the total ex factory price of industrial producers by about 0.21%. Among them, food prices increased by 0.5%, clothing prices increased by 1.4%, ordinary daily necessities prices increased by 1.5%, and durable consumer goods prices increased by 0.7%.

Among the purchase prices of industrial producers, the price of fuel and power increased by 27.6%, the price of non-ferrous materials and wires increased by 17.5%, the price of chemical raw materials increased by 16.8%, and the price of ferrous metal materials increased by 7.7%.

2、 Month on month changes in industrial producer prices

Among the ex factory prices of industrial producers, the price of means of production rose by 0.7%, which affected the rise of the total ex factory price of industrial producers by about 0.52%. Among them, the prices of mining industry, raw material industry and processing industry increased by 1.3%, 1.9% and 0.1%, respectively. The price of means of living rose by 0.1%, affecting the overall level of industrial producers' ex factory prices by about 0.02 percentage points. Among them, the price of food increased by 0.2%, the price of clothing decreased by 0.1%, the price of general daily necessities increased by 0.2%, and the price of durable consumer goods decreased by 0.1%.

Among the purchase prices of industrial producers, the price of fuel and power increased by 1.4%, the price of non-ferrous materials and wires increased by 1.3%, the price of chemical raw materials increased by 0.4%, and the price of ferrous metal materials increased by 0.3%.