China Producer Prices Rise 4.1% In June 2026

China's industrial producer prices rose 4.1% year-on-year in June 2026, while the Producer Price Index (PPI) slipped 0.3% from the previous month, according to official data. Industrial producer purchase prices increased 6.4% year-on-year but edged down 0.2% month-on-month. During the first half of 2026, producer prices climbed 1.5% from a year earlier, while industrial producer purchase prices advanced 2.4%.

Producer Prices Driven By Production Materials

Production material prices, which account for the largest share of industrial producer prices, increased 5.5% year-on-year, contributing approximately 4.28 percentage points to the overall PPI increase.

Within the category, prices in the mining industry surged 16.5%, raw materials rose 8.6%, and manufacturing prices increased 3.0%.

Consumer goods prices, however, fell 0.9% year-on-year, reducing the overall producer price level by around 0.20 percentage points. Food prices declined 2.1%, while clothing and daily-use goods each dropped 1.0%. Durable consumer goods prices edged up 0.1%.

Purchase Prices Show Strong Gains In Metals And Energy

Industrial producer purchase prices recorded the strongest annual increases in non-ferrous metal materials and wires, which jumped 21.6%. Fuel and power prices rose 11.8%, chemical raw materials gained 11.5%, textile raw materials increased 3.3%, and ferrous metal materials advanced 1.3%.

By contrast, construction materials and non-metallic products fell 4.8%, while agricultural and sideline products declined 1.3% from a year earlier.

Monthly Producer Prices Ease Across Most Categories

On a month-on-month basis, production material prices declined 0.3%, lowering the overall PPI by approximately 0.25 percentage points. Mining prices fell 0.9%, raw materials dropped 1.2%, while manufacturing prices rose 0.2%.

Consumer goods prices slipped 0.3% from May, trimming the overall producer price level by around 0.06 percentage points. Food prices decreased 0.8%, clothing and durable consumer goods remained unchanged, and daily-use goods edged down 0.1%.

Among industrial producer purchase prices, chemical raw materials fell 1.3%, fuel and power declined 0.5%, construction materials and non-metallic products slipped 0.4%, and agricultural and sideline products eased 0.3%. Textile raw materials rose 0.7%, non-ferrous metal materials and wires increased 0.1%, while ferrous metal materials were unchanged.