China’s industrial producer prices fell -0.2% MoM and -3.6% YoY in July 2025, while producer purchase prices declined -0.3% MoM and -4.5% YoY, with both showing narrower drops than in June.

• Ex-factory prices for means of production fell -4.3% YoY, led by extractive industries (-14.0%) and raw materials (-5.4%); means of living prices were down -1.6% YoY.
• Purchase prices saw steep YoY declines in fuel & power (-10.8%), ferrous metals (-8.0%), and chemical raw materials (-6.5%); non-ferrous metals rose +2.8% YoY.
• Coal mining & washing prices plunged -23.0% YoY, while oil & gas extraction fell -12.6% YoY; non-ferrous metal mining rose +11.1% YoY.
• Durable consumer goods prices dropped -0.6% MoM and -3.5% YoY, while general daily necessities rose +0.6% YoY despite a -0.2% MoM dip.