2025年10月份PPI同比降幅继续收窄

Core Insights - In October 2025, the national industrial producer's ex-factory prices decreased by 2.1% year-on-year, with a narrowing decline of 0.2 percentage points compared to the previous month; month-on-month, it shifted from flat to an increase of 0.1% [1] - The average industrial producer's ex-factory prices from January to October fell by 2.7% year-on-year, while the purchase prices decreased by 3.2% [1] Year-on-Year Changes in Industrial Producer Prices - In October, the prices of production materials dropped by 2.4%, contributing approximately 1.77 percentage points to the overall decline in ex-factory prices. The mining industry saw a price drop of 7.8%, raw materials decreased by 2.5%, and processing industry prices fell by 1.9% [3] - Consumer goods prices decreased by 1.4%, impacting the overall ex-factory price level by about 0.36 percentage points. Food prices fell by 1.6%, while clothing prices decreased by 0.3% [3] Month-on-Month Changes in Industrial Producer Prices - In October, the prices of production materials increased by 0.1%, contributing approximately 0.08 percentage points to the overall increase in ex-factory prices. The mining industry prices rose by 1.0%, while raw materials remained flat and processing industry prices increased by 0.1% [8] - Consumer goods prices remained stable, with food and clothing prices each declining by 0.1%, while general consumer goods prices increased by 0.7% [8] Purchase Price Changes - In the purchase prices, fuel and power prices decreased by 7.4%, agricultural and sideline products fell by 5.2%, and chemical raw materials dropped by 5.0%. However, prices for non-ferrous metal materials and wires increased by 7.5% [7] - Month-on-month, non-ferrous metal materials and wires saw a price increase of 2.4%, while agricultural products decreased by 1.3% and chemical raw materials fell by 0.6% [9] Key Industry Price Changes - The coal mining and washing industry experienced a significant year-on-year price drop of 15.6%, while the oil and gas extraction industry saw a decline of 8.4% [11] - The non-ferrous metal mining industry had a notable price increase of 18.9% year-on-year, indicating a strong performance compared to other sectors [11]