National Bureau of Statistics: In February, the year-on-year decline in PPI narrowed by 0.9%, a decrease of 0.5 percentage points from the previous month.

The data released by the National Bureau of Statistics shows that in February 2026, the national industrial producer's ex-factory prices dropped by 0.9% year-on-year, a decrease of 0.5 percentage points from the previous month; month-on-month, it increased by 0.4%, the same increase as the previous month. The industrial producer's purchase prices fell by 0.7% year-on-year, a decrease of 0.7 percentage points from the previous month; month-on-month, it increased by 0.7%, an increase of 0.2 percentage points from the previous month. In the first two months, the average ex-factory prices of industrial producers decreased by 1.2% compared to the same period last year, and the purchase prices of industrial producers decreased by 1.1%. I. Changes in industrial producer prices year-on-year In February, among industrial producer's ex-factory prices, the prices of production materials fell by 0.7%, affecting a decrease of about 0.55 percentage points in the overall level of industrial producer prices. Among these, the prices of mining industry fell by 5.3%, raw material industry fell by 1.9%, and processing industry rose by 0.3%. The prices of living materials fell by 1.6%, affecting a decrease of about 0.35 percentage points in the overall level of industrial producer prices. Among these, food prices fell by 1.8%, clothing prices by 1.0%, general daily necessities by 1.8%, and durable consumer goods by 1.6%. Among industrial producer purchase prices, fuel and power prices fell by 8.4%, chemical raw material prices by 5.0%, building materials and non-metal prices by 4.5%, black metal material prices by 3.1%, agricultural and sideline products prices by 2.3%, and textile raw material prices by 1.9%; prices of non-ferrous metal materials and wires increased by 21.3%. II. Changes in industrial producer prices month-on-month In February, among industrial producer's ex-factory prices, the prices of production materials rose by 0.5%, affecting an increase of about 0.38 percentage points in the overall level of industrial producer prices. Among these, the prices of mining industry rose by 1.2%, raw material industry rose by 0.2%, and processing industry rose by 0.6%. The prices of living materials remained unchanged. Among these, food prices remained unchanged, clothing prices fell by 0.4%, general daily necessities fell by 0.2%, and durable consumer goods rose by 0.3%. Among industrial producer purchase prices, prices of non-ferrous metal materials and wires rose by 4.8%, chemical raw material prices rose by 1.0%, textile raw material prices rose by 0.2%, building materials and non-metal prices rose by 0.1%; fuel and power prices fell by 1.2%, black metal material prices fell by 0.2%; agricultural and sideline products prices remained unchanged. This article is compiled from the official website of the National Bureau of Statistics, edited by GMTEight: Xu Wenqiang.