According to the website of the National Bureau of Statistics, in April 2024, the ex-factory prices of industrial producers fell by 2.5% year-on-year, and the purchase prices of industrial producers fell by 3.0% year-on-year, decreasing by 0.3 and 0.5 percentage points respectively compared with the previous month; On a month-on-month basis, producer prices and purchase prices fell 0.2% and 0.3%, respectively. From January to April, the average price at the factory gate was down 2.7 percent from the same period last year, and the purchasing price at the industrial producer was down 3.3 percent.

1. Year-on-year changes in industrial producer prices in April

ADV151-P50 Among the ex-factory prices of industrial producers, the prices of means of production fell by 3.1%, which affected the overall level of ex-factory prices of industrial producers by about 2.32 percentage points. Among them, the price of the extractive industry fell by 4.8%, the price of the raw material industry fell by 1.9%, and the price of the processing industry fell by 3.6%. The price of means of living fell by 0.9%, affecting the overall level of producer prices to fall by about 0.22 percentage points. Among them, food prices fell 0.8 percent, clothing prices rose 0.3 percent, general daily necessities prices rose 0.1 percent, and durable consumer goods prices fell 1.9 percent.

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Among the purchasing prices of industrial producers, the prices of building materials and non-metals fell by 8.5%, the prices of ferrous metal materials fell by 5.5%, the prices of agricultural and sideline products fell by 5.2%, and the prices of fuel, power and chemical raw materials fell by 4.3%. Non-ferrous metal materials and wire prices rose 3.3 percent, and textile raw material prices rose 0.5 percent.

Second, the change of industrial producer prices in April

ADV151-P50 Among the ex-factory prices of industrial producers, the prices of means of production fell by 0.2%, which affected the overall level of ex-factory prices of industrial producers by about 0.17 percentage points. Among them, the prices of the extractive industry decreased by 1.0%, the prices of the raw material industry increased by 0.3%, and the prices of the processing industry decreased by 0.4%. The 0.1% drop in the price of means of subsistence affected the overall level of producer prices to fall by about 0.03 percentage points. Among them, food prices fell 0.1 percent, clothing prices were unchanged, general daily necessities prices rose 0.3 percent, and consumer durables prices fell 0.5 percent.

Among the purchasing prices of industrial producers, the prices of ferrous metal materials fell by 1.8%, the prices of fuel and power materials fell by 1.4%, the prices of building materials and non-metals fell by 1.2%, and the prices of agricultural and sideline products fell by 0.3%. Non-ferrous metal materials and wire prices rose 2.8%, chemical raw materials prices rose 0.1%; Prices of textile raw materials remained flat.