Core Insights - In August, the Producer Price Index (PPI) in Liaoning decreased by 4.5% year-on-year, with the decline narrowing by 1.3 percentage points compared to the previous month. Month-on-month, it increased by 0.1%, a reduction of 0.2 percentage points from last month [1] - The Industrial Producer Price Index (IPI) saw a year-on-year decrease of 6.1%, with the decline narrowing by 0.7 percentage points from the previous month. Month-on-month, it shifted from a decrease of 0.2% last month to an increase of 0.3% this month [1] Price Changes in Major Categories - In August, the prices of production materials decreased by 3.4% year-on-year. The mining industry saw a decline of 8.8%, raw materials industry decreased by 4.6%, and processing industry dropped by 1.5% [1] - The prices of living materials fell by 9.6% year-on-year, with durable consumer goods decreasing by 16.9%, food prices down by 3.3%, general daily necessities down by 2.4%, and clothing prices down by 0.3% [1] Raw Material Purchase Price Trends - In August, the purchase prices of nine major raw materials showed a "two increases and seven decreases" trend year-on-year. Non-ferrous metal materials and wires increased by 2.2%, while textile raw materials rose by 1.1% [1] - Other industrial raw materials and semi-finished products decreased by 1.3%, wood and pulp materials fell by 1.9%, construction materials and non-metallic products dropped by 3.2%, black metal materials decreased by 6.9%, chemical raw materials fell by 8.1%, agricultural and sideline products dropped by 10.5%, and fuel and power materials decreased by 10.6% [1]