Producer prices rose 6.4 percent in May from a year earlier, the National Bureau of Statistics (NBS) said Tuesday. On a month-on-month basis, they rose 0.1%; And the purchasing prices of industrial producers rose 9.1 percent from a year earlier and 0.5 percent from a month earlier. Among them, the manufacturing prices of chemical raw materials and chemical products rose 13.6 percent, or 0.6 percent month-on-month.

On a month-on-month basis, the PPI rose 0.1 percent in May, 0.5 percentage points lower than the previous month. Specifically, the price of means of production rose 0.1 percent, or 0.7 percentage points lower; The price of means of living rose 0.3 percent, or 0.1 percentage point higher.

The international crude oil price fluctuated upward, driving up the prices of relevant industries in China. Among them, the price of oil and natural gas extraction went up by 1.3%, that of petroleum, coal and other fuel processing by 0.9%, that of chemical fiber manufacturing by 0.8%, and that of chemical raw materials and chemical products manufacturing by 0.6%.

With the safe and orderly release of advanced coal production capacity in various localities, multiple measures were taken to ensure coal supply, and management of market expectations was strengthened, the prices of coal mining and washing industries went up from 2.5% to 1.1%, and the prices of coal processing went up 0.7%, or 8.6 percentage points lower.

Year-on-year, the PPI rose by 6.4% in May, 1.6 percentage points lower than the previous month. Specifically, the price of means of production rose 8.1 percent, or 2.2 percentage points lower; The price of means of living rose by 1.2 percent, or 0.2 percentage points higher.

Prices rose in 37 of the 40 industrial sector categories surveyed by

, the same as last month. Among the major industries, the price increase fell back: Coal mining and washing industry rose 37.2 percent, down 16.2 percentage points; Non-ferrous metal smelting and rolling processing industry went up 10.4 percent, or 6.4 percentage points lower; The processing industry of petroleum, coal and other fuels went up by 34.0 percent, or 4.7 percentage points lower; And the manufacturing of chemical raw materials and chemical products rose 13.6 percent, or 1.3 percentage points lower. The gas production and supply sector increased by 22 percent, or 1.3 percentage points; And the production and supply of electricity and heat rose 9.7 percent, or 0.4 percentage points. Prices of ferrous metal smelting and rolling processing industries fell 1.3 percent, the first year-on-year decline since September 2020.

Among the purchasing prices of industrial producers, the price of fuel and power rose by 31.6% year-on-year in May, or 0.4% month-on-month; The price of chemical raw materials rose by 10.5% year on year, and rose by 0.2% month on month.

From January to May, on average, the producer price at the factory gate was 8.1% higher than the same period last year, and the purchasing price at the industrial producer was 10.8% higher.