According to data from the National Bureau of Statistics Liaoning Survey Office, Liaoning's Industrial Producer Price Index (PPI) for December 2025 decreased by 3.5% compared to the same period last year, with the rate of decline widening by 0.4 percentage points from the previous month. On a month-on-month basis, the PPI fell by 0.9%, with the decline accelerating by 0.6 percentage points from November.

The Industrial Producer Purchase Price Index (IPI) saw a year-on-year decrease of 4.4%, with the rate of decline expanding by 0.2 percentage points from the prior month. Month-on-month, the IPI dropped by 0.6%, but the pace of decline narrowed by 0.2 percentage points.

Analyzed by two major categories, the ex-factory price for means of production in December fell by 2.9% year-on-year. Within this category, mining industry prices dropped by 4.9%, raw materials industry prices declined by 4.0%, and processing industry prices decreased by 1.7%.

The ex-factory price for means of subsistence decreased by 6.2% compared to the same month a year earlier. A breakdown shows prices for durable consumer goods fell by 9.5%, food prices dropped by 4.2%, prices for general consumer goods declined by 2.6%, and clothing prices saw a modest decrease of 0.5%.

The purchase prices for nine major categories of raw materials in December exhibited a trend of "one increase and eight decreases" year-on-year. Specifically, prices for timber and paper pulp categories increased by 1.2%. In contrast, prices for other industrial raw materials and semi-finished goods fell by 0.7%, non-ferrous metal materials and wires dropped by 0.9%, textile raw materials decreased by 1.0%, ferrous metal materials declined by 2.2%, building materials and non-metallic categories fell by 5.6%, agricultural and sideline products dropped by 6.4%, chemical raw materials decreased by 7.3%, and fuel and power categories saw the largest decline of 9.0%.