According to the National Bureau of statistics on September 9, in August, affected by the rise in the prices of coal, chemical and steel products, the month on month and year-on-year increase in the prices of industrial products expanded.  

The data show that in August 2021, the ex factory prices of industrial producers in China increased by 9.5% year-on-year and 0.7% month on month; The purchase price of industrial producers increased by 13.6% year-on-year and 0.8% month on month. Among them, the prices of chemical raw materials and chemical products manufacturing increased by 24% year-on-year and 1.9% month on month.

On a month on month basis, PPI rose by 0.7%, an increase of 0.2 percentage points over the previous month. Among them, the price of raw materials increased by 0.9%, and the increase was expanded by 0.3 percentage points

From a year-on-year perspective, PPI rose by 9.5%, an increase of 0.5 percentage points over the previous month. Among them, the price of raw materials rose by 12.7%, an increase of 0.7 percentage points; The price of means of subsistence rose by 0.3%, the same as last month.

From January to August, on average, the ex factory price of industrial producers increased by 6.2% over the same period last year, and the purchase price of industrial producers increased by 8.6%. Among them, the prices of chemical raw materials and chemical products manufacturing increased by 14.9% year-on-year.