Data from the National Bureau of Statistics shows that in May 2026, the Producer Price Index (PPI) for manufactured goods increased by 3.9% compared to the same period last year and rose by 0.5% compared to the preceding month.
Purchase prices for industrial producers saw a year-on-year increase of 5.8% and a month-on-month increase of 1.3%.
On average for the period from January to May, the Producer Price Index for manufactured goods was 1.0% higher than the same period last year, while purchase prices for industrial producers increased by 1.6%.
Year-on-Year Changes in Industrial Producer Prices
In May, within the Producer Price Index for manufactured goods, the price of production materials increased by 5.2% year-on-year, contributing approximately 4.08 percentage points to the overall PPI increase.
Within this category, prices for mining and quarrying rose by 15.8%, prices for raw materials increased by 9.2%, and prices for processed goods went up by 2.3%.
Prices for consumer goods fell by 0.8%, dragging down the overall PPI by about 0.18 percentage points.
In this segment, food prices decreased by 1.8%, prices for clothing and general consumer goods both fell by 1.0%, while prices for durable consumer goods remained flat.
For industrial producers' purchase prices, prices for non-ferrous metals and wire surged by 22.0%, chemical raw materials rose by 11.8%, fuel and power increased by 10.0%, textile raw materials went up by 2.5%, and ferrous metals saw a modest rise of 0.3%.
Conversely, prices for building materials and non-metallic minerals dropped by 5.5%, and prices for agricultural and sideline products fell by 1.6%.
Month-on-Month Changes in Industrial Producer Prices
In May, within the Producer Price Index, the price of production materials increased by 0.7% from the previous month, contributing about 0.53 percentage points to the overall monthly PPI increase.
Within this category, prices for mining and quarrying rose by 1.5%, raw materials increased by 0.9%, and processed goods went up by 0.5%.
Prices for consumer goods remained unchanged from April.
Specifically, food prices edged down by 0.1%, while prices for clothing, general consumer goods, and durable consumer goods all increased by 0.1%.
For industrial producers' purchase prices, chemical raw materials saw a significant month-on-month increase of 4.2%, fuel and power rose by 2.7%, textile raw materials increased by 1.0%, and ferrous metals went up by 0.6%.
Prices for non-ferrous metals and wire, along with agricultural and sideline products, both increased by 0.3%.
Prices for building materials and non-metallic minerals decreased by 0.5% compared to the previous month.
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