Group 1 - In December 2025, the national industrial producer price index (PPI) decreased by 1.9% year-on-year, with a narrowing decline of 0.3 percentage points compared to the previous month; month-on-month, it increased by 0.2%, with an expanded increase of 0.1 percentage points from the previous month [1] - The industrial producer purchase price index (PPPI) fell by 2.1% year-on-year, with a narrowing decline of 0.4 percentage points compared to the previous month; month-on-month, it rose by 0.4%, with an expanded increase of 0.3 percentage points from the previous month [1] - For the entire year of 2025, the industrial producer PPI decreased by 2.6%, while the PPPI decreased by 3.0% [1] Group 2 - In December, the prices of production materials decreased by 2.1%, contributing approximately 1.53 percentage points to the overall decline in the industrial producer PPI; the mining industry prices fell by 4.7%, raw materials industry prices fell by 2.6%, and processing industry prices fell by 1.6% [4] - Prices of living materials decreased by 1.3%, contributing approximately 0.35 percentage points to the overall decline in the industrial producer PPI; food prices fell by 1.5%, clothing prices fell by 0.1%, general daily necessities prices increased by 1.4%, and durable consumer goods prices fell by 3.5% [4] Group 3 - In December, the month-on-month prices of production materials increased by 0.3%, contributing approximately 0.24 percentage points to the overall increase in the industrial producer PPI; mining industry prices rose by 0.8%, raw materials industry prices rose by 0.6%, and processing industry prices rose by 0.2% [8] - Prices of living materials remained stable; food prices decreased by 0.1%, clothing prices increased by 0.2%, general daily necessities prices increased by 0.5%, and durable consumer goods prices decreased by 0.2% [8] Group 4 - In the industrial producer purchase price index, prices of building materials and non-metallic products fell by 6.4%, fuel and power prices fell by 5.7%, chemical raw materials prices fell by 4.9%, agricultural and sideline products prices fell by 4.1%, black metal materials prices fell by 3.3%, and textile raw materials prices fell by 1.9%; however, prices of non-ferrous metal materials and wires increased by 10.5% [7]

Core Viewpoint - In December 2025, the national industrial producer price index (PPI) showed a year-on-year decline of 1.9%, with a month-on-month increase of 0.2%, indicating a narrowing of the decline compared to the previous month [1][10]. Group 1: Year-on-Year Changes - In December, the producer prices for industrial producers saw a decrease in production materials by 2.1%, contributing approximately 1.53 percentage points to the overall decline in producer prices [4]. - The mining industry experienced a price drop of 4.7%, while raw materials and processing industries saw declines of 2.6% and 1.6%, respectively [4]. - Consumer goods prices fell by 1.3%, with food prices down by 1.5% and durable goods prices down by 3.5% [4][11]. Group 2: Month-on-Month Changes - In December, the producer prices for industrial producers increased by 0.2%, with production materials rising by 0.3%, contributing approximately 0.24 percentage points to the overall increase [8]. - The mining industry saw a month-on-month price increase of 0.8%, while raw materials and processing industries increased by 0.6% and 0.2%, respectively [8]. - Consumer goods prices remained stable, with food prices slightly decreasing by 0.1% and general daily necessities increasing by 0.5% [8][11]. Group 3: Industrial Purchase Prices - The purchase prices for industrial producers showed a year-on-year decline of 2.1%, with a month-on-month increase of 0.4% [10][11]. - Significant declines were noted in building materials and non-metallic products by 6.4%, and fuel and power by 5.7% [7][11]. - Prices for non-ferrous metals and wires increased by 10.5%, indicating a contrasting trend within the industrial purchase prices [7].

Group 1: Yearly Overview - In December 2025, the national industrial producer's ex-factory prices decreased by 1.9% year-on-year, with a narrowing decline of 0.3 percentage points compared to the previous month; month-on-month, there was a 0.2% increase, which is an expansion of 0.1 percentage points from last month [1] - For the entire year of 2025, the industrial producer's ex-factory prices fell by 2.6%, while the industrial producer's purchase prices decreased by 3.0% [1] Group 2: Year-on-Year Changes - In December, the prices of production materials decreased by 2.1%, contributing approximately 1.53 percentage points to the overall decline in ex-factory prices; within this category, mining industry prices fell by 4.7%, raw materials industry prices decreased by 2.6%, and processing industry prices dropped by 1.6% [4] - The prices of living materials decreased by 1.3%, impacting the overall ex-factory price level by about 0.35 percentage points; food prices fell by 1.5%, clothing prices decreased by 0.1%, while general daily necessities prices increased by 1.4%, and durable consumer goods prices dropped by 3.5% [4] Group 3: Month-on-Month Changes - In December, the ex-factory prices of production materials increased by 0.3%, contributing approximately 0.24 percentage points to the overall increase in ex-factory prices; mining industry prices rose by 0.8%, raw materials industry prices increased by 0.6%, and processing industry prices went up by 0.2% [8] - Living materials prices remained stable; food prices decreased by 0.1%, clothing prices increased by 0.2%, general daily necessities prices rose by 0.5%, and durable consumer goods prices fell by 0.2% [8] Group 4: Purchase Price Changes - In the industrial producer's purchase prices, building materials and non-metallic prices decreased by 6.4%, fuel and power prices fell by 5.7%, chemical raw materials prices dropped by 4.9%, agricultural products prices decreased by 4.1%, black metal materials prices fell by 3.3%, and textile raw materials prices decreased by 1.9%; however, prices for non-ferrous metal materials and wires increased by 10.5% [7]

Group 1 - In August 2020, the national industrial producer price index (PPI) decreased by 2.0% year-on-year and increased by 0.3% month-on-month; the industrial producer purchase price index (PPPI) decreased by 2.5% year-on-year and increased by 0.6% month-on-month [1] - From January to August, the average industrial producer ex-factory price decreased by 2.0% compared to the same period last year, while the industrial producer purchase price decreased by 2.7% [1] - The prices of production materials decreased by 3.0% year-on-year, with the mining industry prices down by 5.8%, raw materials industry prices down by 6.4%, and processing industry prices down by 1.4% [1] Group 2 - In August, the prices of living materials increased by 0.6% year-on-year, with food prices up by 3.1%, clothing prices down by 1.3%, general daily necessities down by 0.4%, and durable consumer goods down by 1.5% [1] - The purchase prices of fuel and power decreased by 9.8%, chemical raw materials by 8.4%, and black metal materials by 0.5%; however, agricultural and sideline products increased by 6.3% and non-ferrous metal materials and wires by 2.9% [1] Group 3 - Month-on-month, the industrial producer ex-factory price increased by 0.4%, with mining prices up by 1.6%, raw materials prices up by 0.5%, and processing prices up by 0.2% [1] - The prices of living materials increased by 0.1% month-on-month, with food prices up by 0.2%, clothing prices down by 0.2%, general daily necessities up by 0.5%, and durable consumer goods down by 0.4% [1]

Core Insights - In November 2025, Shenzhen's Producer Price Index (PPI) increased by 1.3% year-on-year and 0.6% month-on-month, while the Industrial Producer Purchase Price decreased by 0.3% year-on-year and increased by 0.5% month-on-month [1] Group 1: Producer Price Index (PPI) Analysis - The average PPI from January to November showed a year-on-year increase of 0.2% [1] - The prices of production materials remained stable, with a notable decline in the mining industry by 6.5% and a slight decrease in raw materials by 0.4%, while processing industry prices increased by 0.1% [1] - Consumer goods prices rose by 3.8%, with durable goods prices decreasing by 2.1%, clothing prices down by 1.8%, food prices up by 1.3%, and general daily goods prices soaring by 25.9% [1] Group 2: Purchase Price Index Analysis - In the purchase price index, fuel and power prices fell by 6.7%, building materials and non-metallic prices decreased by 5.8%, and agricultural products prices dropped by 4.0% [1] - Other industrial raw materials and semi-finished products saw a decline of 3.4% [1] - Month-on-month, the purchase prices for textiles decreased by 0.5%, black metal materials fell by 0.4%, while other industrial raw materials and semi-finished products increased by 0.1%, and agricultural products rose by 0.2% [2]

Core Viewpoint - In November 2025, the national industrial producer prices showed a year-on-year decline, with the producer price index down by 2.2% and the purchasing price index down by 2.5% [1] Group 1: Year-on-Year Changes in Industrial Producer Prices - In November, the producer prices for production materials decreased by 2.4%, contributing approximately 1.79 percentage points to the overall decline in producer prices [2] - The mining industry saw a price drop of 6.1%, while raw materials and processing industries experienced declines of 2.9% and 1.9%, respectively [2] - Prices for living materials fell by 1.5%, with food prices down by 1.5% and clothing prices down by 0.3%, while durable goods prices decreased by 3.6% [2] - The purchasing prices for industrial producers saw significant declines in fuel and power categories (down 6.9%) and construction materials (down 5.8%) [2] Group 2: Month-on-Month Changes in Industrial Producer Prices - In November, the producer prices for production materials increased by 0.1%, contributing approximately 0.08 percentage points to the overall increase in producer prices [3] - The mining industry experienced a price increase of 1.7%, while raw materials prices slightly decreased by 0.2% [3] - The purchasing prices for industrial producers showed an increase in non-ferrous metal materials and wires (up 1.8%) and construction materials (up 0.2%) [3]

Group 1: Core Insights - In November, the producer price index for industrial producers showed a decline in production material prices by 2.4%, contributing approximately 1.79 percentage points to the overall decrease in producer prices [2] - The prices in the extraction industry fell by 6.1%, while raw material prices decreased by 2.9% and processing industry prices dropped by 1.9% [2] - Consumer goods prices decreased by 1.5%, impacting the overall producer price index by about 0.38 percentage points, with food prices down by 1.5% and durable goods prices down by 3.6% [2] Group 2: Year-on-Year Changes - The year-on-year changes in producer prices indicated a 2.2% overall decline, with production materials down by 2.4% and consumer goods down by 1.5% [10] - Specific declines included extraction prices down by 6.1%, raw materials down by 2.9%, and processing down by 1.9% [10] - Notably, the price of general daily necessities increased by 1.1%, while durable consumer goods saw a significant drop of 3.6% [10] Group 3: Month-on-Month Changes - In November, the month-on-month producer price index showed a slight increase of 0.1% in production materials, contributing approximately 0.08 percentage points to the overall increase [7] - The extraction industry prices rose by 1.7%, while raw materials saw a minor decrease of 0.2% [7] - Consumer goods prices remained stable, with food prices down by 0.1% and clothing prices up by 0.1% [7] Group 4: Purchase Price Changes - The purchase prices for industrial producers indicated a decline of 2.5% year-on-year, with fuel and power prices down by 6.9% and building materials down by 5.8% [10] - In contrast, prices for non-ferrous metals and wires increased by 8.1%, reflecting a significant rise in this category [10] - Month-on-month changes showed a slight increase of 0.1% in overall purchase prices, with notable increases in non-ferrous metals by 1.8% and building materials by 0.2% [8]

Group 1 - In November 2025, the Producer Price Index (PPI) for industrial producers decreased by 2.2% year-on-year, while the Purchasing Price Index (PPI) decreased by 2.5% year-on-year. Both indices increased by 0.1% month-on-month, consistent with the previous month [1][10] - From January to November 2025, the average PPI for industrial producers fell by 2.7% compared to the same period last year, and the average PPI for purchasing prices decreased by 3.1% [1][10] Group 2 - In November, the prices of production materials decreased by 2.4%, contributing approximately 1.79 percentage points to the overall decline in the PPI for industrial producers. The mining industry saw a price drop of 6.1%, while raw materials and processing industries experienced declines of 2.9% and 1.9%, respectively [3][11] - Prices for living materials decreased by 1.5%, impacting the overall PPI by about 0.38 percentage points. Food prices fell by 1.5%, clothing prices decreased by 0.3%, while general daily necessities rose by 1.1% and durable goods prices dropped by 3.6% [3][11] Group 3 - In the Purchasing Price Index, fuel and power prices decreased by 6.9%, building materials and non-metallic prices fell by 5.8%, chemical raw materials dropped by 5.0%, agricultural products decreased by 4.9%, black metal materials fell by 3.0%, and textile raw materials decreased by 1.9%. Conversely, prices for non-ferrous metal materials and wires increased by 8.1% [6][13] - Month-on-month, the PPI for industrial producers saw a 0.1% increase in production materials, contributing approximately 0.08 percentage points to the overall increase. Mining prices rose by 1.7%, while raw materials saw a slight decline of 0.2%, and processing prices increased by 0.1%. Prices for living materials remained stable [6][13] Group 4 - The year-on-year changes in the PPI for industrial producers showed a 0.1% month-on-month increase, with a 2.2% year-on-year decrease and a 2.7% decline for the January-November average. The production materials index also reflected similar trends with a 0.1% month-on-month increase and a 2.4% year-on-year decrease [15] - Specific industries such as oil and gas extraction experienced a 10.3% year-on-year decline, while the non-ferrous metal mining industry saw a significant increase of 20.2% year-on-year [15]

Group 1: Year-on-Year Changes in Industrial Producer Prices - In November 2025, the industrial producer's ex-factory prices decreased by 2.2% year-on-year, while the purchase prices fell by 2.5% [1] - The average year-on-year decline for ex-factory prices from January to November was 2.7%, and for purchase prices, it was 3.1% [1] - The decline in ex-factory prices was primarily driven by a 2.4% drop in production materials, contributing approximately 1.79 percentage points to the overall decrease [3] Group 2: Month-on-Month Changes in Industrial Producer Prices - In November 2025, the industrial producer's ex-factory prices increased by 0.1% month-on-month, with production materials prices also rising by 0.1% [7] - The prices of mining products rose by 1.7% month-on-month, while raw materials prices decreased by 0.2% [7] - The prices of living materials remained stable, with food prices decreasing by 0.1% and clothing prices increasing by 0.1% [7] Group 3: Breakdown of Price Changes by Category - In the purchase prices, fuel and power prices decreased by 6.9%, while building materials and non-metallic prices fell by 5.8% [6] - Chemical raw materials prices decreased by 5.0%, and agricultural products prices dropped by 4.9% [6] - Conversely, prices for non-ferrous metals and wires increased by 8.1% [6] Group 4: Key Industry Price Changes - The coal mining and washing industry saw a significant price drop of 16.3% [10] - The black metal mining industry experienced a decline of 9.8% [10] - The non-metallic mining industry, however, had a price increase of 16.5% [10]

Core Insights - The Producer Price Index (PPI) in Shenzhen increased by 0.7% year-on-year and 0.5% month-on-month in October 2025, while the purchasing prices for industrial producers decreased by 0.5% year-on-year and increased by 0.5% month-on-month [1][2] - For the period from January to October, the average PPI rose by 0.1% year-on-year, while the purchasing prices fell by 0.3% year-on-year [1] Price Trends - Year-on-year, the prices of production materials decreased by 0.4%, with mining industry prices dropping by 10.5% and processing industry prices down by 0.4%. Raw materials prices increased by 1.2%. In contrast, living materials prices rose by 2.8%, with durable consumer goods prices down by 2.2% and clothing prices down by 1.7% [1] - Year-on-year, food prices increased by 2.2%, and general daily necessities saw a significant rise of 21.3% [1] - In terms of purchasing prices, fuel and power prices decreased by 8.1%, while prices for building materials and non-metallic products fell by 5.3% and wood and pulp prices dropped by 5.0%. Agricultural products prices decreased by 4.1% [1] Month-on-Month Changes - Month-on-month, production material prices increased by 0.1%, with mining prices down by 1.3% and both raw materials and processing prices up by 0.1%. Living materials prices rose by 1.2%, with food prices down by 1.3% [2] - Durable consumer goods prices increased by 0.3%, clothing prices rose by 0.6%, and general daily necessities prices surged by 4.8% [2] - For purchasing prices, building materials and non-metallic prices decreased by 0.8%, while fuel and power prices increased by 0.5% and chemical raw materials prices rose by 0.6% [2]