According to data from the Yunnan Investigation Team of the National Bureau of Statistics, in November 2025, Yunnan's Producer Price Index (PPI) rose by 0.6% month-on-month but fell by 0.7% year-on-year. The Purchasing Price Index (IPI) increased by 1.4% month-on-month and 2.1% year-on-year.
On a monthly basis, the PPI growth rate slowed by 0.9 percentage points compared to the previous month. Among the 32 surveyed industrial sectors, prices increased in 14, remained stable in 9, and declined in 9. Key sectors included: - **Computer, communication, and other electronic equipment manufacturing**: Prices rose by 3.2%. - **Electric power and heat production and supply**: Prices increased by 2.1%. - **Non-ferrous metal smelting and processing**: Prices climbed by 1.5%. - **Coal mining and washing**: Prices edged up by 0.7%. - **Petroleum, coal, and other fuel processing**: Prices also rose by 0.7%. Conversely, declines were seen in: - **Ferrous metal smelting and processing**: Prices dropped by 1.1%. - **Non-metallic mineral products**: Prices fell by 0.7%. - **Automobile manufacturing**: Prices decreased by 0.6%.
Year-on-year, the PPI decline widened by 0.5 percentage points. Among the 32 sectors, prices rose in 10, stabilized in 3, and fell in 19. Notable trends included: - **Non-ferrous metal mining and processing**: Prices surged by 10.3%, accelerating by 1.9 percentage points from the previous month. - **Non-ferrous metal smelting and processing**: Prices rose by 9.3%, up by 1.4 percentage points. - **Electric power and heat production and supply**: Prices dropped by 2.6%, with the decline expanding by 2.2 percentage points. - **Non-metallic mineral products**: Prices shifted from a 0.6% increase in October to a 4.7% decline. - **Chemical raw materials and products manufacturing**: Prices inched up by 0.3%, slowing by 1.7 percentage points. - **Computer, communication, and other electronic equipment manufacturing**: Prices fell by 4.5%, narrowing the decline by 3.8 percentage points. - **Coal mining and washing**: Prices dropped by 7.7%, with the decline widening by 0.2 percentage points. - **Ferrous metal smelting and processing**: Prices plunged by 11.6%, accelerating the decline by 2.4 percentage points.
Calculations show that in the year-on-year PPI decline of 0.7%, carryover effects from the previous year contributed approximately 2.8 percentage points, while new price changes in 2025 accounted for around -3.5 percentage points.
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