Core Insights - In July 2025, the Producer Price Index (PPI) in Liaoning decreased by 5.8% year-on-year, with the decline widening by 0.2 percentage points compared to the previous month [1] - The Industrial Producer Price Index (IPI) also saw a year-on-year decrease of 6.8%, with a slight month-on-month decline of 0.2%, which is a narrowing of the previous month's decline by 0.7 percentage points [1] Price Trends - The prices of production materials decreased by 5.0% year-on-year in July, with the mining industry down by 10.7%, raw materials down by 5.8%, and processing industry down by 3.7% [1] - Consumer goods prices fell by 9.5% year-on-year, with durable goods down by 15.1%, food down by 5.5%, general daily necessities down by 2.2%, while clothing saw a slight increase of 0.1% [1] Raw Material Price Movements - In July, the prices of nine major raw materials showed a mixed trend with two categories increasing and seven decreasing [1] - Textile raw materials increased by 1.7%, and non-ferrous metals and wire materials increased by 1.4% [1] - Conversely, building materials and non-metallic materials decreased by 0.9%, wood and pulp decreased by 1.0%, other industrial raw materials and semi-finished products decreased by 1.1%, chemical raw materials decreased by 7.9%, black metal materials decreased by 8.7%, agricultural and sideline products decreased by 9.9%, and fuel and power decreased by 12.8% [1]