In March 2024, the ex-factory prices of industrial producers across the country fell 2.8% year on year and 0.1% month on month.
The Zhitong Finance App learned that on April 11, the National Bureau of Statistics released data showing that in March 2024, the ex-factory prices of industrial producers across the country fell 2.8% year on year and 0.1% month on month; the purchase price of industrial producers fell 3.5% year on year and 0.1% month on month. In the first quarter, the ex-factory price of industrial producers decreased by 2.7% compared to the same period last year, and the purchase price of industrial producers decreased by 3.4%.
The original text is as follows:
Ex-factory prices of industrial producers fell 2.8% year on year in March 2024
In March 2024, the ex-factory price of industrial producers across the country fell 2.8% year on year, down 0.1% month on month; the purchase price of industrial producers fell 3.5% year on year, down 0.1% month on month. In the first quarter, the ex-factory price of industrial producers decreased by 2.7% compared to the same period last year, and the purchase price of industrial producers decreased by 3.4%.
Year-on-year changes in industrial producer prices in January and March
Among the ex-factory prices of industrial producers, the price of means of production fell by 3.5%, affecting the overall ex-factory price level of industrial producers falling by about 2.58 percentage points. Among them, the price of the extractive industry fell by 5.8%, the price of the raw materials industry decreased by 2.9%, and the price of the processing industry decreased by 3.6%. The price of living materials fell by 1.0%, affecting the overall level of ex-factory prices of industrial producers by about 0.26 percentage points. Among them, the price of food decreased by 1.3%, the price of clothing increased by 0.3%, the price of general daily necessities decreased by 0.1%, and the price of durable consumer goods decreased by 1.8%.
Among the purchase prices of industrial producers, the prices of construction materials and non-metals fell by 7.2%, the price of agricultural and sideline products decreased by 6.0%, the price of chemical raw materials decreased by 5.4%, the price of fuel power by 4.9%, and the price of ferrous metal materials decreased by 4.1%; the price of non-ferrous metal materials and wires increased by 0.7%, and the price of textile raw materials increased by 0.5%.
Month-on-month changes in industrial producer prices in February and March
Among the ex-factory prices of industrial producers, the price of means of production fell by 0.1%, affecting the overall ex-factory price level of industrial producers falling by about 0.08 percentage points. Among them, the price of the extractive industry decreased by 0.8%, the price of the raw materials industry increased by 0.3%, and the price of the processing industry decreased by 0.2%. The price of living materials fell by 0.1%, affecting the overall level of ex-factory prices of industrial producers by about 0.04 percentage points. Among them, food prices fell by 0.4%, while prices for clothing, general daily necessities, and durable consumer goods all remained flat.
Among the purchase prices of industrial producers, the price of ferrous metal materials decreased by 1.6%, the price of construction materials, non-metals, agricultural and sideline products all decreased by 0.6%, and the price of chemical raw materials decreased by 0.1%; the price of non-ferrous metal materials and wires rose 0.8%, the price of fuel power products increased by 0.7%, and the price of textile raw materials increased by 0.3%.
This article was selected from the “Official Website of the National Bureau of Statistics”, Zhitong Finance Editor: Chen Wenfang.