National Bureau of Statistics: In January, the PPI rose by 0.4% month-on-month, increasing for four consecutive months, with the growth rate expanding by 0.2 percentage points compared to the previous month

Main characteristics of the January PPI month-on-month operation: First, the continuous promotion of the construction of a unified national market has driven price increases in certain industries. The prices of cement manufacturing and lithium-ion battery manufacturing both increased by 0.1% month-on-month, marking four consecutive months of increase; the price of photovoltaic equipment and components manufacturing changed from a decrease of 0.2% last month to an increase of 1.9%, the price of basic chemical raw materials manufacturing changed from a decrease of 0.1% to an increase of 0.7%, and the price of black metal smelting and rolling processing industry changed from a decrease of 0.1% to an increase of 0.2%.

Second, increased demand has driven price increases in related industries. The accelerated development of digital technologies such as artificial intelligence and the growth in computing power demand have driven the prices of computer communication and other electronic equipment manufacturing up by 0.5% month-on-month, with electronic semiconductor materials and external storage devices and components prices increasing by 5.9% and 4.0%, respectively; the increased stocking demand for gifts and food before the Spring Festival has driven the prices of arts and crafts and ceremonial supplies manufacturing and agricultural and sideline food processing industries up by 4.1% and 0.3%, respectively; the increased demand for winter cold protection and warmth has driven the prices of cold-proof clothing and down processing up by 0.9% and 0.8%, respectively.

Third, input factors have caused a divergence in the price trends of domestic non-ferrous metals and oil-related industries. The rise in international non-ferrous metal prices has driven the prices of domestic non-ferrous metal mining and selection industry and non-ferrous metal smelting and rolling processing industry up by 5.7% and 5.2% month-on-month, respectively, with silver smelting, copper smelting, gold smelting, and aluminum smelting prices increasing by 38.2%, 8.4%, 4.8%, and 2.3%, respectively. Fluctuations in international crude oil prices have led to a decrease in domestic oil extraction and refined oil product manufacturing prices by 3.1% and 2.5%, respectively