The year-on-year change in industrial producer prices
Among the ex-factory prices of industrial producers, the prices of means of production fell by 4.5% year-on-year , an increase of 2.1 percentage points from the previous month , which affected the overall level of ex-factory prices of industrial producers by about 3.31 percentage points. Among them, the prices of extractive industries fell by 11.6% , the prices of raw materials industries fell by 8.8% , and the prices of processing industries fell by 2.2% . The price of living materials rose by 0.9% year-on-year , a decrease of 0.3 percentage points from the previous month , which affected the overall level of ex-factory prices of industrial producers by about 0.23 percentage points. Among them, food prices rose by 3.7% , clothing prices fell by 0.6% , general commodity prices fell by 0.1% , and durable consumer goods prices fell by 1.7% .
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
