In June 2026, China’s national PPI rose 4.1% year over year and fell 0.3% month over month

In June 2026, the ex-factory prices of industrial producers rose 4.1% year-on-year and fell 0.3% month-on-month. The prices paid by industrial producers rose 6.4% year-on-year and fell 0.2% month-on-month. In the first half of the year, the ex-factory prices of industrial producers increased 1.5% from the same period last year, while the prices paid by industrial producers rose 2.4%.

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

In June, among the ex-factory prices of industrial producers, prices of means of production rose 5.5% year-on-year, contributing to an increase of about 4.28 percentage points to the overall level of ex-factory prices of industrial producers. Of this, prices in the mining industry increased 16.5%, prices in raw materials industries rose 8.6%, and prices in processing industries rose 3.0%. Prices of consumer goods fell 0.9%, contributing to a decrease of about 0.20 percentage points to the overall level of ex-factory prices of industrial producers. Of this, food prices fell 2.1%, clothing and general daily necessities both fell 1.0%, while durable consumer goods prices rose 0.1%.

In the prices paid by industrial producers, prices of non-ferrous metal materials and wire-related products rose 21.6%, fuel and power-related prices rose 11.8%, chemical raw materials rose 11.5%, textile raw materials rose 3.3%, and ferrous metal materials rose 1.3%; prices of construction materials and non-metal materials fell 4.8%, and prices of agricultural and sideline products fell 1.3%.

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

In June, among the ex-factory prices of industrial producers, prices of means of production fell 0.3% month-on-month, contributing to a decrease of about 0.25 percentage points to the overall level of ex-factory prices of industrial producers. Of this, prices in the mining industry fell 0.9%, prices in raw materials industries fell 1.2%, and prices in processing industries rose 0.2%. Consumer goods prices fell 0.3%, contributing to a decrease of about 0.06 percentage points to the overall level of ex-factory prices of industrial producers. Of this, food prices fell 0.8%, clothing and durable consumer goods remained unchanged, and general daily necessities fell 0.1%.

In the prices paid by industrial producers, chemical raw materials fell 1.3%, fuel and power-related prices fell 0.5%, construction materials and non-metal materials fell 0.4%, and agricultural and sideline products fell 0.3%; textile raw materials rose 0.7%, non-ferrous metal materials and wire-related products rose 0.1%; ferrous metal materials remained unchanged.

(Editor: Wenjing)

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                                                            PPI