Core Insights - The industrial producer price index (PPI) in Huzhou remained stable month-on-month in December 2025, while the industrial purchase price index (IPI) increased by 1.8% due to rising prices of coal and other fuel products [1] - Year-on-year, PPI decreased by 2.3% and IPI decreased by 0.9% [1] Industry Analysis - Among the 30 major industry categories surveyed, 15 experienced a month-on-month decline in producer prices, 8 saw an increase, and 7 remained stable [1] - The chemical fiber manufacturing, beverage and refined tea manufacturing, and furniture manufacturing sectors had the largest month-on-month price declines, with decreases of 1.2%, 1.1%, and 1.0% respectively, collectively pulling down the total index by 0.2 percentage points [1] - Conversely, the electrical machinery and equipment manufacturing, paper and paper products, and non-metallic mineral products sectors had the highest month-on-month price increases, each rising by 1.1%, 1.1%, and 0.6% respectively, collectively pushing the total index up by 0.2 percentage points [1] Raw Material Price Trends - The prices of raw materials showed an "eight increases and one decrease" trend month-on-month [1] - The largest increases were seen in fuel and power materials, non-ferrous metal materials and wires, and chemical raw materials, which rose by 6.1%, 2.1%, and 1.7% respectively, contributing a total increase of 1.6 percentage points to the index [1]

Core Viewpoint - In October, the Producer Price Index (PPI) in Liaoning experienced a year-on-year decline of 1.2%, with the rate of decline narrowing by 1.9 percentage points compared to the previous month [1] Group 1: Price Changes - The PPI remained flat month-on-month after a 0.4% decline in the previous month [1] - The Industrial Producer Purchase Price Index (IPI) saw a year-on-year decrease of 3.8%, with the decline rate narrowing by 1.1 percentage points from the previous month [1] - Month-on-month, the IPI shifted from a 0.2% increase last month to a 0.3% decrease this month [1] Group 2: Cumulative Price Trends - From January to October, the cumulative year-on-year decline in PPI was 4.2% [1] - The cumulative year-on-year decline in IPI during the same period was 5.0% [1] Group 3: Breakdown by Categories - In October, the year-on-year decline in the prices of production materials was 0.7% [1] - The year-on-year decline in the prices of living materials was 3.2%, with specific declines in food prices by 4.6%, general daily necessities by 2.5%, durable consumer goods by 2.4%, and clothing by 0.7% [1]