In July 2026, the national Producer Price Index (PPI) for industrial products increased by 3.5% year-on-year and declined by 0.7% month-on-month. The Purchaser Price Index for industrial producers rose by 5.5% year-on-year and fell by 1.0% month-on-month. For the January–July period, the average PPI for industrial products was up by 1.8% compared with the same period last year, while the Purchaser Price Index increased by 2.8%.
I. Year-on-Year Changes in Producer Prices
In July, year-on-year, producer prices for manufactured goods rose by 4.8%, contributing approximately 3.72 percentage points to the overall increase in the Producer Price Index (PPI). Within this, prices in the mining industry increased by 16.4%, raw materials industries rose by 6.1%, and processing industries rose by 3.1%. Prices for consumer goods declined by 0.8%, reducing the overall PPI by approximately 0.17 percentage points. Specifically, food prices fell by 2.1%, clothing prices dropped by 1.1%, general daily necessities decreased by 1.0%, and durable consumer goods prices rose by 0.4%.
Among producer purchase prices, non-ferrous metal materials and wire categories rose by 19.0%; fuel and power, as well as chemical raw materials, each increased by 9.3%; textile raw materials rose by 3.2%; and ferrous metal materials rose by 1.4%. In contrast, building materials and non-metallic categories declined by 4.1%, and agricultural and sideline products fell by 0.8%.
II. Month-on-Month Changes in Producer Prices
In July, month-on-month, producer prices for manufactured goods decreased by 0.9%, lowering the overall PPI by approximately 0.70 percentage points. Specifically, mining industry prices declined by 0.2%, raw materials industries dropped by 2.4%, and processing industries fell by 0.1%. Consumer goods prices decreased by 0.1%, reducing the overall PPI by approximately 0.01 percentage points. Among these, food and durable consumer goods prices remained unchanged, clothing prices declined by 0.3%, and general daily necessities decreased by 0.2%.
Among producer purchase prices, fuel and power, as well as chemical raw materials, each declined by 2.6%; non-ferrous metal materials and wire categories decreased by 1.4%; ferrous metal materials and textile raw materials each fell by 0.2%; and building materials and non-metallic categories dropped by 0.1%. In contrast, agricultural and sideline products rose by 0.5%.
