Xinhua
09 Nov 2026, 14:30 GMT+10
BEIJING, Nov. 9 (Xinhua) -- China's producer price index (PPI) continued to rise month on month in October, mainly driven by higher energy prices, although the pace of growth moderated from September, official data showed Monday.
The PPI, which measures costs for goods at the factory gate, rose 0.7 percent month on month, with the growth rate narrowing by 0.5 percentage points from September, according to the National Bureau of Statistics (NBS).
Higher international energy prices, seasonal demand for heating fuels, and growing demand from artificial intelligence (AI) drove up prices in certain sectors, NBS statistician Dong Lijuan said.
In the energy sector, rising international prices pushed up domestic prices in petroleum and natural gas extraction and coal mining and washing by 6 percent and 2.7 percent, respectively, from the previous month.
Driven by higher upstream energy costs and stronger demand for coal and natural gas ahead of the winter heating season, prices in refined petroleum product manufacturing and organic chemical raw material manufacturing both rose 6.8 percent, while those in coal processing, as well as gas production and supply increased 3.2 percent and 1.5 percent, respectively.
Together, the six industries contributed approximately 0.61 percentage points to the monthly PPI increase, accounting for more than 80 percent of the overall rise.
Meanwhile, orderly capacity adjustments improved supply-demand conditions in some industries. Prices in non-metallic mineral products manufacturing rose 0.8 percent, while those in automobile manufacturing remained unchanged after three consecutive months of declines.
Rapid AI development also boosted demand and prices in related manufacturing sectors. Prices in electrical machinery and equipment manufacturing, and computer, communications and other electronic equipment manufacturing both edged up 0.1 percent.
Consumer goods manufacturing prices remained broadly stable amid ample supply and steady demand.
Prices in the textile industry and the agricultural and sideline products processing rose 0.2 percent and 0.1 percent, respectively, while those in paper and paper products manufacturing, and liquor, beverage and refined tea manufacturing fell 0.4 percent and 0.1 percent. Prices in furniture manufacturing and tobacco products manufacturing remained unchanged.
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationKUALA LUMPUR, Malaysia: Former Malaysian Prime Minister Najib Razak could soon leave prison and serve the rest of his sentence under...
ASUNCIÓN, Paraguay: Paraguay's Senate has resumed impeachment proceedings against President Santiago Peña, despite his offer to resign...
JERUSALEM, Nov. 7 (Xinhua) -- Israeli President Isaac Herzog announced Saturday evening that he would task Yashar party leader Gadi...
TAIPEI, Taiwan: Taiwan expects continued U.S. support to strengthen its defense capabilities, despite delays in a major arms deal and...
HONG KONG: Hong Kong pro-democracy activist Joshua Wong, who became an international symbol of the city's fight for democratic rights,...
JAKARTA, Indonesia: Political tensions in Indonesia are rising as several parliamentary parties consider launching an inquiry into...
(Photo credit: Gary A. Vasquez) Austin Reaves had a season-best 43 points as the Los Angeles Lakers, without injured star Luka Doncic,...
(Photo credit: Michael McLoone) Paul George scored 27 points and Jayson Tatum added 21 as the Boston Celtics overcame a slow start...
(Photo credit: Petre Thomas) In an inconsistent start to the season, the Memphis Grizzlies have had trouble defending their home...
(Photo credit: Troy Taormina) The Houston Rockets entered the season with championship expectations, but consecutive losses have...
(Photo credit: Eric Canha) Jordan Love completed 23 of 29 passes for 372 yards and three touchdowns, and Christian Watson had a career-high...
(Photo credit: Kirby Lee) Joe Burrow completed 24 of 29 passes for 271 yards and three touchdowns to help the Cincinnati Bengals...
