China’s industrial producer prices fell -0.2% MoM and -2.9% YoY (vs -2.9% YoY expected) in August 2025, while producer purchase prices were flat MoM and declined -4.0% YoY, with the YoY drop in ex-factory prices narrowing from July.

• Ex-factory prices for means of production dropped -3.2% YoY, led by extractive industries (-11.5% YoY), raw materials (-4.1% YoY), and processing (-2.2% YoY); means of living prices fell -1.7% YoY, with durable consumer goods down -3.7% YoY.
• Among purchases, fuel & power prices declined -9.7% YoY, chemical raw materials -6.2% YoY, and ferrous materials -5.6% YoY, while non-ferrous metals rose +4.7% YoY.
• On a MoM basis, means of production prices rose +0.1%, supported by extractive industries (+1.3% MoM) and raw materials (+0.2% MoM), while processing remained flat.
• Means of living prices edged down -0.1% MoM, with general daily necessities (-0.2% MoM) and durable consumer goods (-0.3% MoM) declining.
• Purchase prices showed mixed MoM moves: fuel & power (+0.7%), ferrous metals (+0.6%), and non-ferrous metals (+0.1%) rose, but building materials (-1.4%) and chemical raw materials (-0.4%) fell.
• By industry, coal mining & washing saw steep YoY declines (-19.8%), while oil & gas extraction (-9.7% YoY) and petroleum/coal processing (-10.5% YoY) also weakened; non-ferrous metal mining stood out with a strong +11.8% YoY rise.
• For Jan–Aug 2025, ex-factory prices averaged -2.9% YoY and purchase prices -3.3% YoY, underscoring persistent cost declines despite some stabilization in August.