In August 2014, the ex-factory price of industrial producers nationwide fell by 1.2% year-on-year, a decrease of 0.2% from the previous month. The purchase price of industrial producers decreased by 1.4% year-on-year and decreased by 0.1% month-on-month. From January to August, the ex-factory price of industrial producers fell by 1.6% year-on-year, and the purchase price of industrial producers decreased by 1.8% year-on-year.
I. The year-on-year change in prices of industrial producers
In the ex-factory price of industrial producers, the price of means of production fell by 1.7% year-on-year, affecting the total level of ex-factory prices of industrial producers in the country by about 1.3 percentage points. Among them, the price of extractive industries fell by 4.4%, while the prices of raw materials and processing industries both dropped by 1.5%. The price of living materials rose by 0.2% year-on-year, affecting the total level of the producer prices of industrial producers nationwide by about 0.1 percentage points. Among them, food prices rose 0.6%, clothing prices rose 0.7%, general commodity prices rose 0.4%, durable consumer goods prices fell 0.8%.
In the purchase price of industrial producers, the price of ferrous materials decreased by 5.0% year-on-year, that of fuel power declined by 1.6%, that of non-ferrous metal materials and wires decreased by 1.5%, that of textile raw materials decreased by 1.2%, and that of agricultural and sideline products rose. 0.2%.
According to calculations, in August -1.2% of the year-on-year drop in the national industrial producer's total ex-factory price level, the tailgate factor for price changes last year was about 0.2%, and the new price increase factor was about -1.4%.
Second, the industrial producer price chain changes
Among the ex-factory prices of industrial producers, the price of production materials fell by 0.3% month-on-month, affecting the overall level of ex-factory prices of industrial producers in the country by about 0.2 percentage points. Among them, the price of mining industry fell by 0.7%, the price of raw material industry decreased by 0.4%, and the price of processing industry decreased by 0.2%. The price of living materials remained flat (the increase or decrease was 0, the same below). Among them, food prices rose 0.1%, clothing and general commodity prices were flat, and consumer durables prices fell 0.1%.
Among the purchase prices of industrial producers, the prices of non-ferrous metal materials and wires rose by 0.1%, the prices of chemical raw materials rose by 0.3%, the prices of agricultural and sideline products rose by 0.8%, and the prices of ferrous metal materials and fuel-driven power decreased by 0.6%.
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