National Bureau of Statistics: PPI rose by 0.1% month-on-month in November, a decrease of 2.2% year-on-year.

On December 10th, according to the National Bureau of Statistics, in November 2025, the year-on-year decrease in the ex-factory prices of industrial producers nationwide was 2.2%, and the year-on-year decrease in the purchase prices of industrial producers was 2.5%; both the ex-factory prices and purchase prices of industrial producers rose by 0.1% month-on-month, with the same growth rate as the previous month. The average from January to November showed that the ex-factory prices of industrial producers decreased by 2.7% compared to the same period last year, and the purchase prices of industrial producers decreased by 3.1%. I. Changes in Industrial Producer Prices on a Year-on-Year Basis In November, among the ex-factory prices of industrial producers, the prices of production materials decreased by 2.4%, affecting a total decrease of about 1.79 percentage points in the overall level of ex-factory prices of industrial producers. Specifically, the prices in the mining industry decreased by 6.1%, raw materials industry by 2.9%, and processing industry by 1.9%. The prices of living materials decreased by 1.5%, affecting a total decrease of about 0.38 percentage points. Specifically, food prices decreased by 1.5%, clothing prices by 0.3%, general daily necessities prices increased by 1.1%, and durable consumer goods prices decreased by 3.6%. Among the purchase prices of industrial producers, the prices of fuel and power decreased by 6.9%, construction materials and non-metallic prices by 5.8%, chemical raw materials by 5.0%, agricultural and sideline products by 4.9%, black metal materials by 3.0%, and textile raw materials by 1.9%; prices of non-ferrous metal materials and cables increased by 8.1%. II. Changes in Industrial Producer Prices on a Month-on-Month Basis In November, among the ex-factory prices of industrial producers, the prices of production materials increased by 0.1%, affecting a total increase of about 0.08 percentage points in the overall level of ex-factory prices of industrial producers. Specifically, the prices in the mining industry increased by 1.7%, raw materials industry decreased by 0.2%, and processing industry increased by 0.1%. The prices of living materials remained stable. Specifically, food prices decreased by 0.1%, clothing prices increased by 0.1%, general daily necessities prices increased by 0.2%, and durable consumer goods prices decreased by 0.2%. Among the purchase prices of industrial producers, prices of non-ferrous metal materials and cables increased by 1.8%, construction materials and non-metallic prices increased by 0.2%, fuel and power prices increased by 0.1%; prices of chemical raw materials decreased by 0.6%, agricultural and sideline products, textile raw materials prices decreased by 0.3%, and black metal material prices decreased by 0.2%. This article is selected from the "National Bureau of Statistics official website", edited by GMTEight: Chen Wenfang.