China's industrial producer gate prices fell 2.5% year-on-year in November: Chinese report

According to data recently released by the National Bureau of Statistics of China, the national industrial producers' shipping prices in November fell 2.5% compared to the same month last year, and increased 0.1% compared to the previous month.
The average prices for January to November were down 2.1% from the same month last year, and down 2.2% from the previous month.
Among the shipping prices, the price of production materials fell 2.9% year-on-year, causing industrial producers' shipping prices to fall by about 2.12 percentage points. Of these, the price of extractive industries fell 4.9%, and the price of raw materials fell 2.2%.
Material industry prices fell 2.9%, and processing industry prices fell 2.7%. In addition, due to the impact of a 1.4% drop in the price of daily necessities, industrial producers' shipping prices fell by about 0.36 points.
Among these, food prices decreased by 1.5%, clothing prices decreased by 0.3%, daily necessities prices increased by 0.2%, and durable consumer goods prices decreased by 2.7%.
On the other hand, among purchasing prices, the price of ferrous metal materials decreased by 7.1%, and the price of fuel (power) decreased by 6.
5% decrease, chemical raw material prices decreased by 5.0%, agricultural by-product prices decreased by 3.8%, building materials and non-metallic materials prices decreased by 2.7%, textile raw materials prices decreased by 1.7%, non-ferrous metal materials and electric wire prices
It was an increase of 11.0%.