PPI in June increased by 18.5% compared with the same period last year.

In June 2019, the factory price of industrial producers nationwide remained unchanged, falling by 0.3% year-on-year, while the purchasing price of industrial producers fell by 0.3% year-on-year and 0.1% year-on-year. In the first half of the year, the ex-factory prices of industrial producers rose by 0.3% compared with the same period last year, and the purchase prices of industrial producers rose by 0.1%. The price of means of production declined by 0.3% in the ex-factory price of industrial producers, affecting the overall level of ex-factory price of industrial producers by about 0.22 percentage points. Among them, the price of extractive industry rose by 4.5%, the price of raw material industry dropped by 2.1%, and the price of processing industry remained flat. The price of means of subsistence rose by 0.9% year on year, the same increase as last month, affecting the overall level of factory price of industrial producers by about 0.23 percentage points. Among them, food prices rose 2.2%, clothing prices rose 1.6%, general commodity prices rose 0.5%, durable consumer goods prices fell 0.9%. Among the purchasing prices of industrial producers, the prices of ferrous metals, building materials and non-metals increased by 4.3% and agricultural by-products increased by 1.9%, the prices of chemical raw materials decreased by 4.7%, the prices of non-ferrous metals and wires decreased by 3.5%, and the prices of fuel and power decreased by 0.2%. In the ex-factory price of industrial producers, the ring-to-ring price of means of production decreased by 0.4%, affecting the overall level of ex-factory price of industrial producers by about 0.31 percentage points. Among them, the price of extractive industry dropped by 0.1%, the price of raw material industry by 1.0%, and the price of processing industry by 0.2%. The price of means of subsistence is flat. Among them, the prices of food, clothing and durable consumer goods were flat, while the prices of general commodities rose by 0.1%. Among the purchasing prices of industrial producers, the prices of ferrous metal materials rose by 0.7% annually, agricultural and sideline products by 0.5%, chemical raw materials by 1.2%, non-ferrous metal materials and wires by 0.5% and fuel power by 0.4%.