国家统计局：2025年11月电力、热力生产和供应业出厂价格同比下降2.0%

Core Insights - In November 2025, the Producer Price Index (PPI) for industrial producers decreased by 2.2% year-on-year, while the purchasing price index fell by 2.5% year-on-year [1][4] - Month-on-month, both the PPI and purchasing price index increased by 0.1%, consistent with the previous month [1] Industrial Producer Price Year-on-Year Changes - In November, the prices of production materials dropped by 2.4%, contributing approximately 1.79 percentage points to the overall decline in the PPI [4] - The mining industry saw a price decrease of 6.1%, while raw materials and processing industries experienced declines of 2.9% and 1.9%, respectively [4] - Prices for living materials decreased by 1.5%, with food prices down by 1.5% and clothing prices down by 0.3% [4] Industrial Producer Price Month-on-Month Changes - In November, production material prices rose by 0.1%, contributing about 0.08 percentage points to the overall increase in the PPI [9] - The mining industry prices increased by 1.7%, while raw materials prices fell by 0.2% [9] - Living material prices remained stable, with food prices down by 0.1% and clothing prices up by 0.1% [9] Purchasing Price Index Changes - The purchasing price index for industrial producers saw a month-on-month increase of 0.1% and a year-on-year decrease of 2.5% [10] - Fuel and power prices dropped by 6.9%, while prices for non-metallic building materials fell by 5.8% [8] - Prices for non-ferrous metals and wires increased by 8.1% [8] Summary of Key Price Changes - The overall PPI decreased by 2.7% from January to November, with production materials down by 3.1% [10] - The mining sector experienced a significant year-on-year decline of 9.3% in prices [10] - The food manufacturing industry saw a year-on-year price drop of 1.2% [11]