China's producer price index (PPI), which measures costs for goods at the factory gate, went down 1.8 percent year on year in August, the National Bureau of Statistics said Monday.
Data showed that in August, the producer prices for industrial products decreased by 1.8 percent year on year and dropped by 0.7 percent month on month.
The purchasing prices for industrial producers decreased by 0.8 percent on a yearly basis and 0.6 percent on a monthly basis during the same period.
In the January to August period, on average, China's producer prices for industrial products decreased by 1.9 percent over the same period last year, and the purchasing prices for industrial producers decreased by 2.1 percent.
In terms of the year-on-year changes of prices for different categories, among the producer prices for industrial products, the price for means of production decreased by 2.0 percent, affecting the overall level of producer prices for industrial products which decreased by about 1.46 percentage points.
Among them, the price for the mining industry increased by 0.9 percent, the price for the raw material industry decreased by 0.8 percent, and prices for the processing industry decreased by 2.7 percent.
The price for means of livelihood decreased by 1.1 percent, affecting the overall level of producer prices for industrial products which decreased by about 0.29 percentage points.
The price for food went down by 1.3 percent, for clothing declined by 0.4 percent, prices for general commodities remained flat, and prices for durable consumer goods dropped by 1.9 percent.
Of the purchasing prices for industrial producers, prices for building materials and non-metallic went down by 4.4 percent, prices for ferrous metal materials dropped by 4.1 percent, and prices for agricultural and sideline products declined by 2.9 percent.
Prices for fuel and power declined by 1.0 percent, prices for raw chemical materials declined by 0.6 percent, and prices for non-ferrous metal materials and wires fell by 9.1 percent.
Among the producer prices for industrial products, the price for means of production decreased by 1.0 percent, affecting the overall level of producer prices for industrial products which decreased by about 0.74 percentage points. Among them, prices for the mining industry decreased by 1.6 percent, prices for the raw material industry edged down by 1.2 percent, and prices for the processing industry dropped by 0.9 percent.
The price for means of livelihood remained unchanged. Among them, the prices for food, general commodities and durable consumer goods were flat, and for clothing down by 0.1 percent.
Among the purchasing prices for industrial producers, prices for ferrous metal materials went down by 1.9 percent; prices for non-ferrous metal materials and wires declined by 1.7 percent, prices for raw chemical materials dropped by 0.8 percent; prices for fuel and power, building materials and non-metallic were all down 0.5 percent; and prices for agricultural and sideline products went up by 0.7 percent.
China's PPI down 1.8 pct in August
China's PPI down 1.8 pct in August
