Prices of non-ferrous metal materials and wires rose

China's producer price index (PPI) rose 9.5 percent year-on-year in August, up 0.7 percent month-on-month, according to data released by the National Bureau of Statistics on Sept. 9. The purchasing prices of industrial producers rose 13.6 percent year-on-year and 0.8 percent month-on-month. In the january-August period, producer prices rose by 6.2% and producer purchasing prices by 8.6% on average.

Year-on-year changes in industrial producer prices.

Among producer prices, the price of means of production rose by 12.7 percent, affecting a 9.44 percentage point increase in the overall producer price index. The prices of extractive industries, raw materials and processing industries rose by 41.8 percent, 18.3 percent and 8.0 percent respectively. A 0.3% increase in the prices of means of living affected the overall producer price increase by about 0.07 percentage points.Among them, food prices rose 0.9 percent, clothing prices were unchanged, general daily necessities rose 0.1 percent, and consumer durables fell 0.1 percent.

Among the prices of industrial producers, ferrous metal materials rose 26.3 percent, fuel power 26.2 percent, non-ferrous metal materials and electric wires 21.6 percent, and chemical raw materials 20.3 percent.

Month-on-month changes in industrial producer prices.

Among producer prices, the price of means of production rose by 0.9%, affecting the overall producer price increase by 0.69 percentage points. Among them, the prices of extractive industries increased by 3.0 percent, those of raw material industries by 0.9 percent and those of processing industries by 0.7 percent.The price of means of living was flat.The prices of food and general necessities were flat, clothing rose 0.3 percent, and consumer durables fell 0.2 percent.

Fuel and power prices rose 2.4 percent, chemicals 1.3 percent, non-ferrous metal materials and wires 1.0 percent, and ferrous metal materials 0.2 percent.