Core Insights - In September, the Producer Price Index (PPI) in Liaoning decreased by 3.1% year-on-year, with the decline narrowing by 1.4 percentage points compared to the previous month [1] - The Industrial Purchase Price Index (IPI) also saw a year-on-year decrease of 4.9%, with the decline narrowing by 1.2 percentage points from the previous month [1] Price Trends - The PPI for production materials fell by 1.4% year-on-year, with specific declines in various sectors: mining industry down 5.3%, raw materials down 2.1%, and processing industry down 0.4% [1] - The PPI for living materials experienced a significant year-on-year drop of 10.4%, with durable consumer goods down 17.3%, food down 4.6%, general daily necessities down 2.6%, and clothing down 1.3% [1] Raw Material Price Changes - In September, the prices of nine major raw materials showed a mixed trend with "two increases and seven decreases" year-on-year [1] - Notable increases included non-ferrous metals and wire materials up by 1.4%, and textile raw materials up by 0.1% [1] - Significant decreases were observed in various categories: building materials and non-metallic down 2.6%, black metal materials down 4.8%, chemical raw materials down 7.8%, fuel and power down 8.2%, and agricultural by-products down 9.6% [1]