National Bureau of Statistics: In December, the year-on-year decrease in the Producer Price Index (PPI) was 1.9%, narrowing by 0.3 percentage points from the previous month.

The data released by the National Bureau of Statistics shows that in December 2025, the industrial producer prices in China decreased by 1.9% year-on-year, a decrease of 0.3 percentage points from the previous month; on a month-on-month basis, it increased by 0.2%, an increase of 0.1 percentage points from the previous month. The industrial producer purchasing prices decreased by 2.1% year-on-year, a decrease of 0.4 percentage points from the previous month; on a month-on-month basis, it increased by 0.4%, an increase of 0.3 percentage points from the previous month. In the whole year of 2025, the industrial producer prices decreased by 2.6%, and the industrial producer purchasing prices decreased by 3.0%. I. Changes in Industrial Producer Prices Year-on-Year In December, among the industrial producer factory prices, the prices of production materials decreased by 2.1%, affecting the overall industrial producer factory price to decrease by approximately 1.53 percentage points. Among them, the mining industry prices decreased by 4.7%, raw material industry prices decreased by 2.6%, and processing industry prices decreased by 1.6%. The prices of living materials decreased by 1.3%, affecting the overall industrial producer factory price to decrease by approximately 0.35 percentage points. Among them, food prices decreased by 1.5%, clothing prices decreased by 0.1%, general daily necessities prices increased by 1.4%, and durable consumer goods prices decreased by 3.5%. In the industrial producer purchasing prices, prices of construction materials and non-metallic materials decreased by 6.4%, fuel and power prices decreased by 5.7%, chemical raw materials prices decreased by 4.9%, agricultural and sideline products prices decreased by 4.1%, black metal materials prices decreased by 3.3%, and textile raw materials prices decreased by 1.9%; prices of non-ferrous metal materials and electrical wires increased by 10.5%. II. Changes in Industrial Producer Prices Month-on-Month In December, among the industrial producer factory prices, the prices of production materials increased by 0.3%, affecting the overall industrial producer factory price to increase by approximately 0.24 percentage points. Among them, the mining industry prices increased by 0.8%, raw material industry prices increased by 0.6%, and processing industry prices increased by 0.2%. The prices of living materials remained stable. Among them, food prices decreased by 0.1%, clothing prices increased by 0.2%, general daily necessities prices increased by 0.5%, and durable consumer goods prices decreased by 0.2%. In the industrial producer purchasing prices, prices of non-ferrous metal materials and electrical wires increased by 2.5%, fuel and power prices increased by 1.5%, prices of construction materials and non-metallic materials increased by 0.1%; prices of black metal materials decreased by 0.4%, chemical raw materials prices decreased by 0.2%, and prices of agricultural and sideline products, textile raw materials all decreased by 0.1%. Main data on industrial producer prices in December 2025 This article is selected from the "National Bureau of Statistics Official Website"; GMTEight Editor: Xu Wenqiang.