On March 10, 2021, the National Bureau of Statistics reported that in February 2021, the country’s industrial producer prices (PPI) increased by 1.7% year-on-year and 0.8% month-on-month; industrial producer purchasing prices increased by 2.4% year-on-year and month-on-month increase. 1.2%.
From a month-on-month perspective, the PPI rose by 0.8%, a decrease of 0.2 percentage points from the previous month. Among them, the price of means of production rose by 1.1%, and the rate of increase dropped by 0.1 percentage point; the price of means of subsistence turned unchanged from a 0.2% increase in the previous month. Among the 40 industrial sectors surveyed, 25 experienced price increases, 10 declined, and 5 remained unchanged. The changes are the same as last month. Affected by the continued upward trend of international crude oil prices, the prices of domestic petroleum-related industries continued to rise. The prices of petroleum and natural gas extraction industries rose by 7.5%, the prices of petroleum, coal and other fuel processing industries rose by 4.9%, the prices of chemical fiber manufacturing industries rose by 3.6%, and the prices of chemical raw materials And the price of chemical products manufacturing rose by 2.1%, which together affected the PPI's rise by about 0.45 percentage points.
Among the purchasing prices of industrial producers, the price of fuel and power increased by 3.3% month-on-month, the price of ferrous metal materials increased by 2.2%, the price of chemical raw materials increased by 1.3%, and the price of non-ferrous metal materials and wires increased by 1.2%.
From a year-on-year perspective, PPI rose by 1.7%, an increase of 1.4 percentage points from the previous month. Among them, the price of means of production rose by 2.3%, an increase of 1.8 percentage points; the price of means of subsistence fell by 0.2%, the same rate as last month. Among the major industries, ferrous metal smelting and rolling processing industries, which rose by 14.1%, and an increase of 4.2 percentage points; non-ferrous metal smelting and rolling processing industries, which rose by 12.1%, and an increase of 3.2 percentage points; coal mining and washing, The increase was 10.9%, an increase of 1.8 percentage points; the manufacturing of chemical raw materials and chemical products, an increase of 4.0%, an increase of 2.8 percentage points. The oil and natural gas mining industry, which decreased by 6.4%, narrowed by 15.5 percentage points; the oil, coal and other fuel processing industries, fell by 0.5%, and narrowed by 8.5 percentage points.
Among the purchasing prices of industrial producers, the price of ferrous metal materials rose 11.6% year-on-year, the price of non-ferrous metal materials and wires rose 10.3%, the price of chemical raw materials rose 0.3%, and the price of fuel and power fell 1.0%.
On average from January to February, the ex-factory prices for industrial producers rose by 1.0% over the same period last year, and the purchasing prices for industrial producers rose by 1.6%.
