In January 2026, the industrial producer price index (PPI) in Liaoning Province fell by 4.0% compared to the same period last year, with the rate of decline widening by 0.5 percentage points from the previous month. On a month-over-month basis, the PPI decreased by 0.3%, though the pace of decline narrowed by 0.6 percentage points from December. The industrial producer purchase price index (IPI) dropped by 4.5% year-on-year, with the decline expanding by 0.1 percentage points from the prior month. Month-over-month, the IPI fell by 0.4%, but the rate of decrease slowed by 0.2 percentage points.

Breaking down by category, the producer prices of capital goods decreased by 4.0% year-on-year in January. Within this category, raw materials dropped by 6.7%, mining and extraction industries declined by 3.8%, and processing industries fell by 1.1%. The producer prices of consumer goods decreased by 4.4% compared to the same period last year. Among these, durable consumer goods fell by 5.8%, food products declined by 4.1%, general daily-use goods dropped by 2.0%, while clothing prices rose by 0.3%.

Among the nine major categories of raw material purchase prices, two categories saw increases while seven experienced declines year-on-year in January. Non-ferrous metals and wire materials rose by 7.5%, and wood and pulp materials increased by 1.0%. In contrast, other industrial raw materials and semi-finished products fell by 1.2%, textile raw materials dropped by 1.4%, ferrous metal materials declined by 2.0%, agricultural and sideline products decreased by 3.8%, building materials and non-metallic materials fell by 4.3%, chemical raw materials dropped by 7.8%, and fuel and power materials saw the largest decline of 9.3%.