According to the data released by the National Bureau of Statistics on November 9, in October, the demand of some industries increased, and the national PPI rose slightly month-on-month. However, affected by the high comparison base in the same period last year, the year-on-year increase turned to decrease.

In October 2022, the ex-factory price of industrial producers across the country decreased by 1.3% year-on-year, while rose by 0.2% month-on-month; The purchase price of industrial producers rose by 0.3% year-on-year and 0.3% month-on-month as well. Among them, the ex-factory price of chemical raw materials and chemical products manufacturing industry dropped by 4.4% year-on-year and rose by 0.4% month-on-month; The purchase price of chemical raw materials fell by 2.8% year-on-year and 0.1% month-on-month.

On a month-on-month basis, PPI increased by 0.2% from a 0.1% decline last month. The price of means of production has changed from a decrease of 0.2% to a rise of 0.1%; The price of means of living rose by 0.5%, an increase of 0.4% points. The prices of oil-related industries continued to decline, including oil and natural gas exploitation industry, chemical fiber manufacturing industry and petroleum, coal and other fuel processing industry, which declined by 2.2%, 0.7% and 0.6%, respectively. The demand for coal storage increased in winter, and the price of coal mining and washing industry increased by 3.0%, or 2.5% points. Affected by the rise of cement price, the price of non-metallic mineral products industry changed from a decline of 0.4% to an increase of 0.6%. In addition, the price of ferrous metal smelting and rolling processing industry decreased by 0.4%, 1.3 percentage points less; The prices of agricultural and sideline food processing industry rose by 1.4%, while the prices of computer communication and other electronic equipment manufacturing industries rose by 0.9%, both of which increased.

From a year-on-year perspective, PPI changed from a 0.9% increase in the previous month to a 1.3% decrease, mainly due to the high comparison base in the same period last year. The price of means of production has changed from 0.6% increase to 2.5% decrease; The price of means of living rose by 2.2%, an increase of 0.4 percentage points. Among the 40 industrial sectors surveyed, 27 of them showed an increase of their prices, down 3 from last month. Among the main industries, the price decline has expanded; ferrous metal smelting and calendering industry decreased by 21.1%, expanding by 3.1 percentage points; The coal mining and washing industry decreased by 16.5%, expanding by 13.8 percentage points; The nonferrous metal smelting and rolling processing industry decreased by 7.8%, expanding by 3.4 percentage points. The prices of the chemical raw materials and chemical products manufacturing industry have changed from an increase of 1.0% to a decrease of 4.4%; The chemical fiber manufacturing industry declined 1.1% from 3.1%. The price increases and decreases include: the oil and gas exploitation industry rose by 21.0%, down 10.1 percentage points; petroleum, coal and other fuel processing industries rose by 8.6%, down 8.6 percentage points; and agricultural and sideline food processing industry rose by 8.7%, 1.3 percentage points higher.