China’s industrial producer prices fell -0.4% MoM and -3.6% YoY in June 2025, while producer purchase prices dropped -0.7% MoM and -4.3% YoY, extending broad-based deflation across sectors.

• Ex-factory prices for extractive industries fell -1.2% MoM and -13.2% YoY; processing industries declined -0.5% MoM and -3.2% YoY.
• Fuel and power purchase prices dropped -2.0% MoM and -10.4% YoY; chemical raw materials fell -0.7% MoM and -6.2% YoY.
• Non-ferrous metal materials and wires rose 0.3% MoM and 2.4% YoY, showing resilience within metals.
• Coal mining and washing prices plunged -3.4% MoM and -21.8% YoY; petroleum and coal processing fell -0.6% MoM and -13.5% YoY.
• Durable consumer goods prices declined -0.1% MoM and -2.7% YoY, while general daily necessities rose slightly (+0.1% MoM, +0.8% YoY).