CCTV News: According to the website of the National Bureau of Statistics, in December 2024, the national industrial producer prices and purchase prices both fell by 2.3% year-on-year, a decrease of 0.2 percentage points from the previous month; both fell by 0.1% month-on-month. In 2024, both the ex-factory prices and purchase prices of industrial producers fell by 2.2%, a decrease of 0.8 and 1.4 percentage points respectively compared with the previous year.

Year-on-year changes in industrial producer prices in December

Among the industrial producer prices, the price of means of production fell by 2.6%, affecting the total level of industrial producer prices to drop by about 1.93 percentage points. Among them, the price of the mining industry fell by 4.6%, the price of the raw material industry fell by 2.2%, and the price of the processing industry fell by 2.7%. The price of living materials fell by 1.4%, affecting the total level of industrial producer prices to drop by about 0.36 percentage points. Among them, food prices fell by 1.4%, clothing prices fell by 0.1%, general daily necessities prices rose by 0.6%, and durable consumer goods prices fell by 3.1%.

2. Changes in industrial producer prices in December on a month-on-month basis

Among the industrial producer prices, the prices of means of production remained the same. Among them, the price of the mining industry fell by 0.8%, the price of the raw material industry rose by 0.3%, and the price of the processing industry fell by 0.1%. Prices of living materials fell by 0.1%. Among them, food prices fell by 0.1%, clothing prices remained the same, general daily necessities prices rose by 0.2%, and durable consumer goods prices fell by 0.3%.

Among the purchase prices of industrial producers, the prices of agricultural and sideline products fell by 1.0%, the prices of chemical raw materials fell by 0.4%, the prices of ferrous metal materials fell by 0.2%, and the prices of textile raw materials fell by 0.1%; the prices of building materials and non-metals rose by 0.7%, the prices of non-ferrous metal materials and wires rose by 0.3%, and the prices of fuel and power rose by 0.2%.