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According to data released by the **Statistics Bureau on February 11, in January 2026, the ex-factory prices of industrial producers across the country dropped by 1.4% on a year-on-year basis, while rising by 0.4% on a month-on-month basis. The purchase prices for industrial producers dropped by 1.4% on a year-on-year basis, while rising by 0.5% on a month-on-month basis. Among them, the ex-factory prices in the oil and natural gas extraction industry decreased by 16.7% year-on-year and by 2.2% month-on-month ； The ex-factory prices in the manufacturing sector of chemical raw materials and chemicals declined by 5% on a year-on-year basis, but rose by 0.6% on a month-on-month basis ； The ex-factory prices of the petroleum, coal, and other fuel processing industry dropped by 11.5% on a year-on-year basis and by 2.5% on a month-on-month basis. I. Year-on-year changes in industrial producer prices In January, among the ex-factory prices of industrial producers, the prices of means of production declined by 1.3%, contributing to a drop in the overall level of ex-factory prices for industrial producers of about 1.06 percentage points. Among them, prices in the extractive industries fell by 8.1%, those in the raw materials industry dropped by 2.0%, and those in the processing industry decreased by 0.4%. The price of means of livelihood decreased by 1.7%, contributing to a drop in the overall level of ex-factory prices for industrial producers of about 0.38 percentage points. Among them, food prices dropped by 1.9%, clothing prices fell by 0.7%, while prices of general daily necessities and durable consumer goods both declined by 1.8%. Among the purchase prices for industrial producers, prices for fuel and power dropped by 7.1%, prices for chemical raw materials fell by 5.8%, prices for building materials and non-metals decreased by 4.7%. Prices for ferrous metal products and agricultural by-products both dropped by 2.9%, while prices for textile raw materials fell by 2.2% ； Prices of non-ferrous metal materials and wires rose by 16.1%. II. Month-on-month changes in industrial producer prices In January, among the ex-factory prices of industrial producers, prices for means of production rose by 0.5%, contributing to an increase in the overall level of ex-factory prices for industrial producers of about 0.37 percentage points. Among them, prices in the extraction industry fell by 1.7%, prices in the raw materials industry rose by 0.7%, and prices in the processing industry rose by 0.5%. The price of consumer goods rose by 0.1%, contributing to an increase in the overall level of ex-factory prices for industrial producers of about 0.01 percentage points. Among them, food prices dropped by 0.1%, clothing prices fell by 0.3%, prices of general daily necessities decreased by 0.1%, while prices of durable consumer goods rose by 0.3%. Among the purchase prices for industrial producers, prices for non-ferrous metal materials and wires rose by 4.5%, prices for agricultural and sideline products increased by 0.7%, and prices for chemical raw materials rose by 0.1% ； Prices for fuel and power-related items dropped by 0.7%, while prices for building materials and non-metals fell by 0.6% ； Prices of black metal materials and textile raw materials remained unchanged.