Producer Price Index for clothing up while polyester down, says NBS

12 Sep '05

3 min read

The Producers' Price Index (PPI) for manufactured goods increased by 5.3% in August as compared with the same month of last year, up by 0.1 percentage points as compared with last month; purchasing prices for raw materials, fuels, and power were up by 8.1%, dropped by 0.4 percentage points as compared with that in July.

In August, the National Statistics Bureau says producers' prices for means of production were up by 7.3% over the same month of last year. Of which, prices for mining and quarrying industry, raw materials industry and machining industry was up by 28.9%, 10.6% and 2.1% respectively. The producers' prices for means of consumer goods were down by 0.3% than the same month of last year. Of which, food, clothing, and articles for daily use was respectively up by 0.5%, 0.7% and 1.9%, while that durable consumer goods dropped by 2.9%.

In terms of different categories:

-- In view of prices for crude oil and oil products, the producers' prices for crude oil was up by 36.2% over that in the same month of last year, its impact on the general level of producers' prices for manufactured goods was up by 1.2 percentage points. The prices for oil products, such as gasoline, kerosene, and diesel oil, rose by 32.8%, 22.8% and 26.4% respectively.

- In view of prices for chemical products, the producers' prices for polystyrene was down by 6.9%, that of latex, terylene silk was rose 17.6%, and 4.3% respectively.

-- In view of prices for coal products, the producers' price for mining and cleaning industry rose by 23.6% over that in the same month of last year. Of which, producers' prices for crude coal rose by 23.7%.

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