China's October PPI rises 5.7% year on year; input prices gain 1.1% month on month

China’s National Bureau of Statistics reported on November 9, 2026 that October producer prices rose 5.7% year on year and 0.7% month on month. Industrial purchase prices increased 7.9% and 1.1%, respectively. Across January–October, average producer prices rose 2.7% and purchase prices 4.0% from a year earlier. These are industrial price indices rather than quotations for specific material grades.

Within the purchase-price categories, fuel and power increased 4.1% month on month and chemical raw materials 3.2%. Ferrous materials fell 0.6%, while non-ferrous materials and electrical wire fell 0.3%. Their respective year-on-year movements were +18.6%, +16.8%, −1.1% and +16.7%. The two comparison periods describe different movements.

General-purpose equipment producer prices were unchanged month on month and down 0.3% year on year; fabricated metal products rose 0.1% and 1.7%, respectively. The survey covers more than 40,000 industrial enterprises and uses 2025 as its base year from 2026. Percentage index changes do not provide a currency price, material grade or delivery specification for purchasing comparisons and are not finished-valve quotations.