Description
China's Industrial Producer Price Index (PPI) is calculated and published by China's National Bureau of Statistics (NBS). China's PPI reflects the changing trend and amplitude of the overall ex-factory price level of all industrial products when they are first sold within a certain period. It is an important indicator that reflects the cost pressure and inflation trend of Chinese enterprises.
The monthly growth rate of PPI is usually used to observe changes in corporate costs and predict the future direction of the Consumer Price Index (CPI). A higher monthly PPI growth rate means that short-term business costs will rise, which may be passed on to consumers, driving up CPI; conversely, a lower monthly PPI growth rate means that business costs will fall during the period and CPI pressure will decrease.
China's PPI survey covers 39 industrial industry categories, involving 186 survey categories, including more than 4,000 products (including more than 9,500 specifications).