8月份工业生产者出厂价格同比降幅收窄 环比由降转平

Core Viewpoint - In August 2025, the year-on-year decline in the Producer Price Index (PPI) for industrial producers narrowed to 2.9%, with a month-on-month change shifting from a decrease of 0.2% to flat [1] Group 1: Year-on-Year Changes in Producer Prices - In August, the prices of production materials decreased by 3.2%, contributing approximately 2.40 percentage points to the overall decline in the PPI [4] - The mining industry saw a significant price drop of 11.5%, while raw materials and processing industries experienced declines of 4.1% and 2.2%, respectively [4] - Prices for living materials decreased by 1.7%, impacting the overall PPI by about 0.45 percentage points, with food prices down by 1.7% and durable consumer goods down by 3.7% [4] Group 2: Month-on-Month Changes in Producer Prices - In August, the prices of production materials increased by 0.1%, contributing approximately 0.08 percentage points to the overall PPI [5] - The mining industry prices rose by 1.3%, while raw materials increased by 0.2%, and processing prices remained flat [5] - Living material prices decreased by 0.1%, with food prices slightly up by 0.1% and durable consumer goods down by 0.3% [5] Group 3: Changes in Purchase Prices - The purchase prices for industrial producers saw a year-on-year decline of 4.0%, with an average decline of 3.3% from January to August [8] - Fuel and power prices dropped significantly by 9.7%, while chemical raw materials and black metal materials fell by 6.2% and 5.6%, respectively [6] - Prices for non-ferrous metal materials and wires increased by 4.7%, indicating a mixed trend in the purchase prices across different categories [6]