National Bureau Of Statistics: In March, The Ex Factory Price Of Industrial Producers Dropped 2.5% Year On Year

In March 2023, the ex factory price of industrial producers across the country dropped by 2.5% year on year, and remained flat month on month; The purchase price of industrial producers dropped by 1.8% year on year and remained flat month on month. In the first quarter, the ex factory price of industrial producers fell by 1.6% over the same period last year, and the purchase price of industrial producers fell by 0.8%.

1、 YoY changes in industrial producer prices in March

Among the ex factory prices of industrial producers, the price of means of production dropped by 3.4%, affecting the overall level of ex factory prices of industrial producers by about 2.65 percentage points. Among them, the price of mining industry dropped by 4.7%, the price of raw material industry dropped by 4.2%, and the price of processing industry dropped by 2.8%. The price of means of living rose by 0.9%, which affected the overall level of factory prices of industrial producers by about 0.20 percentage points. Among them, the prices of food and clothing rose by 2.0%, the prices of general daily necessities rose by 0.5%, and the prices of durable consumer goods fell by 0.2%.

Among the purchase prices of industrial producers, the prices of chemical raw materials fell by 7.1%, ferrous materials by 7.0%, building materials and non-metallic materials by 4.6%, and nonferrous materials and wires by 3.5%; The prices of agricultural and sideline products rose 3.7%, and the prices of fuel and power products rose 0.1%.

2、 Change of industrial producer prices in March

Among the ex factory prices of industrial producers, the prices of means of production remained flat. Among them, the price of mining industry dropped by 0.5%, the price of raw material industry dropped by 0.2%, and the price of processing industry rose by 0.1%. The price of means of subsistence was flat. Among them, the prices of food and durable consumer goods both fell by 0.1%, the prices of clothing rose by 0.1%, and the prices of general commodities rose by 0.2%.

Among the purchase prices of industrial producers, the prices of ferrous materials increased by 1.1%, non-ferrous materials and wires by 0.7%, agricultural and sideline products by 0.2%, and building materials and nonmetals by 0.1%; The price of fuel and power dropped by 1.1%, and the price of chemical raw materials dropped by 0.2%.