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National Bureau of Statistics: PPI rose 5.0% year on year in September, up 1.2% month on month
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The Zhitong Finance App learned that on October 14, data from the National Bureau of Statistics showed that in September 2026, the ex-factory prices of national industrial producers rose 5.0% year on year and 1.2% month on month. Purchase prices for industrial producers rose 6.9% year on year and 1.2% month on month. On average from January to September, the ex-factory price of industrial producers increased by 2.3% over the same period last year, and the purchase price of industrial producers increased by 3.6%.

The original text is as follows:

Ex-factory prices of industrial producers rose 5.0% year on year in September 2026, up 1.2% month on month

In September 2026, the ex-factory prices of industrial producers across the country rose 5.0% year on year and 1.2% month on month. Purchase prices for industrial producers rose 6.9% year on year and 1.2% month on month. On average from January to September, the ex-factory price of industrial producers increased by 2.3% over the same period last year, and the purchase price of industrial producers increased by 3.6%.

I. Year-on-year changes in industrial producer prices

In September, among the ex-factory prices of industrial producers, the price of means of production rose 6.5% year on year, affecting the overall ex-factory price level of industrial producers rising by about 5.07 percent. Among them, the price of the extractive industry increased by 25.4%, the price of the raw materials industry by 9.4%, and the price of the processing industry by 3.4%. The price of living materials fell by 0.1%, affecting the overall level of ex-factory prices of industrial producers by about 0.03 percentage points. Among them, the price of food decreased by 1.8%, the price of clothing decreased by 1.2%, the price of general daily necessities decreased by 0.6%, and the price of durable consumer goods increased by 1.6%.

Among the purchase prices of industrial producers, the price of non-ferrous metal materials and wires increased by 20.0%, the price of fuel power products increased by 13.6%, the price of chemical raw materials increased by 12.6%, the price of textile raw materials increased by 4.5%; the prices of construction materials and non-metals fell by 2.3%, and the prices of ferrous metal materials and agricultural and sideline products all decreased by 0.4%.

II. Month-on-month changes in industrial producer prices

In September, of the ex-factory prices of industrial producers, the price of means of production rose 1.4% month-on-month, affecting the overall ex-factory price level of industrial producers rising by about 1.14 percentage points. Among them, the price of the extractive industry increased by 7.7%, the price of the raw materials industry by 2.6%, and the price of the processing industry by 0.2%. The price of living materials rose 0.1%, affecting the overall ex-factory price increase of about 0.03 percentage points for industrial producers. Among them, the prices of food and durable consumer goods both increased by 0.2%, while the prices of clothing and general daily necessities remained the same.

Among the purchase prices of industrial producers, the price of fuel power products rose 3.7%, the price of chemical raw materials rose 2.4%, the price of non-ferrous metal materials and wires rose 1.4%, the price of construction materials and non-metals rose 0.7%, the price of textile raw materials rose 0.6%, the price of agricultural and sideline products increased 0.1%; and the price of ferrous metal materials decreased by 0.2%.

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This article was compiled from the official website of the “National Bureau of Statistics”, Zhitong Finance Editor: Feng Qiuyi.

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