Core Viewpoint - The Producer Price Index (PPI) decreased by 0.4% month-on-month in June 2025, with the decline attributed to three main factors [1] Group 1: Reasons for PPI Decline - The seasonal decline in prices of certain domestic raw material manufacturing industries contributed to the PPI decrease [1] - An increase in green electricity has led to a reduction in energy prices, impacting the PPI [1] - Price pressures in industries with a high proportion of exports have also contributed to the decline in PPI [1]

Group 1 - The main reason for the month-on-month decline in PPI is the impact of international input factors leading to price decreases in related domestic industries [1] - The decline in international crude oil prices has resulted in a 5.6% decrease in the prices of the oil and gas extraction industry, a 3.5% decrease in refined petroleum product manufacturing prices, and a 1.2% decrease in the prices of chemical raw materials and chemical products manufacturing [1] - These three industries collectively contributed to a month-on-month decline in PPI of approximately 0.23 percentage points, accounting for over 50% of the total decline [1] Group 2 - Domestic energy and raw material prices have also experienced a phase of decline, with coal mining and washing prices decreasing by 3.0% due to seasonal demand factors [1] - The prices of coal processing have decreased by 1.1%, while the black metal smelting and rolling industry and non-metallic mineral products industry have both seen a 1.0% price decline [1] - The combined effect of these four industries contributed to a month-on-month decline in PPI of approximately 0.18 percentage points [1]