National Bureau of Statistics: In December 2024, the year-on-year decrease in PPI was 2.3%.

On January 9, according to the National Bureau of Statistics, in December 2024, the year-on-year decline in both the producer price and purchase price of industrial products nationwide was 2.3%, with the decrease narrowing by 0.2 percentage points compared to the previous month; on a month-on-month basis, there was a 0.1% decrease. In the whole year of 2024, the producer price and purchase price of industrial products both decreased by 2.2%, with the decline narrowing by 0.8 and 1.4 percentage points compared to the previous year. I. Changes in industrial producer prices in December In terms of industrial producer prices, the prices of production materials decreased by 2.6%, affecting a decrease of approximately 1.93 percentage points in the total level of industrial producer prices. Among them, prices in the mining industry dropped by 4.6%, raw materials industry prices dropped by 2.2%, and processing industry prices dropped by 2.7%. The prices of consumer goods decreased by 1.4%, affecting a decrease of approximately 0.36 percentage points in the total level of industrial producer prices. Among them, food prices decreased by 1.4%, clothing prices decreased by 0.1%, general daily necessities prices increased by 0.6%, and durable consumer goods prices decreased by 3.1%. In terms of industrial producer purchase prices, the prices of black metal materials decreased by 7.9%, fuel and power prices decreased by 5.9%, chemical raw material prices decreased by 4.7%, agricultural and sideline products prices decreased by 3.9%, building materials and non-metal prices decreased by 2.3%, and textile raw material prices decreased by 1.6%; prices of non-ferrous metal materials and wires increased by 11.4%. II. Changes in industrial producer prices month-on-month in December In terms of industrial producer prices, the prices of production materials remained flat. Among them, prices in the mining industry decreased by 0.8%, raw materials industry prices increased by 0.3%, and processing industry prices decreased by 0.1%. Consumer goods prices decreased by 0.1%. Among them, food prices decreased by 0.1%, clothing prices remained unchanged, general daily necessities prices increased by 0.2%, and durable consumer goods prices decreased by 0.3%. In terms of industrial producer purchase prices, agricultural and sideline products prices decreased by 1.0%, chemical raw material prices decreased by 0.4%, black metal materials prices decreased by 0.2%, textile raw material prices decreased by 0.1%; building materials and non-metal prices increased by 0.7%, non-ferrous metal materials and wires prices increased by 0.3%, and fuel and power prices increased by 0.2%. This article is compiled from the official website of the National Bureau of Statistics, edited by GMTEight: Liu Jiayin.