In 2024, China's producer price index (PPI) for its ferrous metal smelting and rolling sector decreased by 6.4 percent year on year, according to the data released by China's National Bureau of Statistics (NBS). In December alone, China's producer price index (PPI) for its ferrous metal smelting and rolling sector decreased by 9.5 percent year on year, while decreasing by 0.6 percent month on month.
China's overall producer price index (PPI) decreased by 2.3 percent year on year in December, while it edged down by 0.1 percent month on month. Also in December, Chinese industrial producers' purchase prices declined by 2.3 percent year on year and decreased by 0.1 percent compared to November.
In 2024, China's overall PPI declined by 2.2 percent year on year, while Chinese industrial producers' purchase prices also decreased by 2.2 percent year on year.