On June 10, 2026, the National Bureau of Statistics released data showing that in May 2026, Chinese national industrial producer prices rose by 3.9% year-on-year and 0.5% month-on-month. Industrial producer purchase prices increased by 5.8% year-on-year and 1.3% month-on-month.
On a month-on-month basis, fluctuations in international crude oil prices transmitted into domestic industries, causing prices to either turn from gains to losses or see slower growth. Crude oil extraction prices fell by 1.8% month-on-month, compared to a 24.1% increase in the previous month. Refined petroleum product prices turned from a 19.0% rise to a 0.3% decline. Prices in the chemical raw materials and chemical products manufacturing, chemical fiber manufacturing, and rubber and plastic products sectors rose by 2.0%, 1.5%, and 1.5% respectively, with growth rates slowing by 6.3, 4.1, and 0.2 percentage points from the previous month.
On a year-on-year basis, prices in the oil and gas extraction industry, petroleum, coal and other fuel processing industry, and chemical raw materials and chemical products manufacturing rose by 35.7%, 18.4%, and 12.7%, respectively.
Among industrial producer purchase prices in May, chemical raw material prices rose by 11.8% year-on-year and 4.2% month-on-month; fuel and power prices rose by 10.0% year-on-year and 2.7% month-on-month; textile raw material prices rose by 2.5% year-on-year and 1.0% month-on-month.
On average for the first five months of the year, industrial producer prices were up 1.0% from the same period last year, while industrial producer purchase prices rose by 1.6%.