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On November 9, the **Bureau of Statistics released data showing that in October 2025, the ex-factory prices of industrial products across the country dropped by 2.1% on a year-on-year basis. The purchase prices for industrial producers dropped by 2.7% on a year-on-year basis. Among them, the oil and gas extraction industry saw a year-on-year decline of 8.4%, while the manufacturing of chemical raw materials and chemicals experienced a year-on-year decline of 5%. On average from January to October, the ex-factory prices of industrial producers dropped by 2.7% compared with the same period the previous year, while the purchase prices of industrial producers fell by 3.2%. Among them, the oil and gas extraction industry saw a year-on-year decline of 9.7%, while the manufacturing of chemical raw materials and chemical products experienced a year-on-year decline of 4.9%. I. Year-on-year changes in industrial producer prices In October, among the ex-factory prices of industrial producers, the prices of means of production dropped by 2.4%, contributing to a decline in the overall level of ex-factory prices for industrial producers of about 1.77 percentage points. Among them, prices in the mining industry dropped by 7.8%, prices in the raw materials industry fell by 2.5%, and prices in the processing industry declined by 1.9%. The price of consumer goods fell by 1.4%, contributing to a decline in the overall level of ex-factory prices for industrial producers of about 0.36 percentage points. Among them, food prices dropped by 1.6%, clothing prices fell by 0.3%, prices of general daily necessities rose by 1.0%, and prices of durable consumer goods declined by 3.2%. Among the purchase prices for industrial producers, prices for fuel and power dropped by 7.4%, prices for agricultural and sideline products fell by 5.2%, prices for chemical raw materials decreased by 5.0%, prices for building materials and non-metals dropped by 4.5%, prices for ferrous metal materials fell by 2.8%, and prices for textile raw materials declined by 1.8% ； Prices of non-ferrous metal materials and wires rose by 7.5%. II. Month-on-month changes in industrial producer prices In October, among the ex-factory prices of industrial producers, prices for means of production rose by 0.1%, contributing to an increase in the overall level of ex-factory prices for industrial producers of about 0.08 percentage points. Among them, prices in the mining industry rose by 1.0%, prices in the raw materials industry remained unchanged, and prices in the processing industry increased by 0.1%. Prices of consumer goods remain stable. Among them, the prices of food and clothing both dropped by 0.1%, the prices of general daily necessities rose by 0.7%, while the prices of durable consumer goods fell by 0.3%. Among the purchase prices for industrial producers, prices for non-ferrous metal materials and wires rose by 2.4%, while prices for ferrous metal materials increased by 0.2% ； Prices of agricultural and sideline products dropped by 1.3%, prices of chemical raw materials fell by 0.6%, prices of building materials and non-metals as well as textile raw materials both dropped by 0.2%, and prices of fuels and power declined by 0.1%.