In July 2024, the ex-factory prices of industrial producers nationwide fell by 0.8% year-on-year and 0.2% month-on-month, the same declines as the previous month; the purchase prices of industrial producers fell by 0.1% year-on-year and month-on-month. 1-7 On average, the ex-factory price of industrial producers fell by 2.0% compared with the same period last year, and the purchase price of industrial producers fell by 2.2%.

1. Year-on-year changes in industrial producer prices in July

Among the ex-factory prices of industrial producers, the price of means of production fell by 0.7%, affecting the overall level of ex-factory prices of industrial producers by about 0.52 percentage points. Among them, the price of the extractive industry rose by 3.5%, the price of the raw material industry rose by 1.8%, and the price of the processing industry fell by 2.1%. The price of means of living fell by 1.0%, affecting the overall level of ex-factory prices of industrial producers by about 0.26 percentage points. Among them, food prices fell 0.7%, clothing prices fell 0.5%, general daily necessities prices fell 0.3%, and consumer durables prices fell 2.0%.

Among the purchase prices of industrial producers, the prices of building materials and non-metals fell by 5.2%, the prices of ferrous metal materials fell by 2.6%, the prices of agricultural and sideline products fell by 1.9%, and the prices of textile raw materials fell by 0.5%. Non-ferrous metal materials and wires The price of chemical raw materials rose by 11.3%, and the price of fuel and power rose by 0.6%.

2. Month-on-month changes in industrial producer prices in July

Among the ex-factory prices of industrial producers, the price of means of production fell by 0.3%, affecting the overall level of ex-factory prices of industrial producers by about 0.23 percentage points. Among them, the price of the extractive industry rose by 0.7%, the price of the raw material industry fell by 0.2%, and the price of the processing industry fell by 0.4%. The price of living means is flat. Among them, food prices fell by 0.2%, clothing and general daily necessities prices all rose by 0.1%, and consumer durables prices rose by 0.2%.

Among the purchase prices of industrial producers, the price of ferrous metal materials fell by 0.6%, the prices of fuel power and chemical raw materials all fell by 0.2%, and the prices of building materials, non-metallic and textile raw materials all fell by 0.1%. Agricultural and sideline products Prices rose 0.4%, and non-ferrous metal materials and wires rose 0.3%. Source: National Bureau of Statistics