2025年9月份核心CPI同比涨幅持续扩大 PPI同比降幅继续收窄 ——国家统计局城市司首席统计师董莉娟解读2025年9月份CPI和PPI数据 CPI同比下降0.3%，降幅比上月收窄0.1个百分点。CPI同比下降，主要是翘尾影响所致。本月CPI-0.3% 的同比变动中，翘尾影响约为-0.8个百分点，今年价格变动的新影响约为0.5个百分点。分类别看，食品 和能源价格下降。其中，食品价格下降4.4%，降幅比上月扩大0.1个百分点，影响CPI同比下降约0.83个 百分点，是影响CPI同比下降的主要因素。食品中，猪肉、鲜菜、鸡蛋和鲜果价格分别下降17.0%、 13.7%、13.5%和4.2%，合计影响CPI同比下降约0.78个百分点；牛肉和羊肉价格分别上涨4.6%和0.8%， 其中羊肉价格为连续下降44个月后首次转涨。能源价格下降2.7%，影响CPI同比下降约0.20个百分点。 扣除食品和能源价格的核心CPI同比上涨1.0%，涨幅连续第5个月扩大，为近19个月以来涨幅首次回到 1%。其中，扣除能源的工业消费品价格上涨1.8%，涨幅连续第5个月扩大。工业消费品中，金饰品和 铂金饰品价格分别上涨42.1%和33.6%，家 ...

节日期间，市商务局统筹市县两级联动金融机构组织全市大型商超、汽车经销商等商贸主体围绕商场超市、成品油、家电家居、汽车等重点板块，叠加 省、市消费券和节日消费热点，开展重点促销活动24场，同比增长4.35%，有效激发市民购物热情。其中，全市积极组织市场主体参与省级促消费活动。 其中，"多彩贵州欢乐购·助商惠民购物季"活动带动消费638.6万元。 整体来看，2025年国庆中秋期间，六盘水消费市场运行平稳、活动丰富、增长显著，展现出较强的内需潜力和经济活力。 另外，各区（市）消费表现亮眼。水城区（含高新区）举办重点促销活动3场，实现销售额695万元，其中，恒信德龙汽车销售公司推出的"车展购车优惠 补贴"活动带动消费313万元；中石油相关活动带动消费近300万元。钟山区销售额约3500万元，盘州市销售额达1266.05万元，整体呈现多点开花、均衡发 展的良好态势。 近日，记者从市商务局了解到，国庆中秋假期，六盘水市消费市场供需两旺，促销活动精彩纷呈，各大商圈人气火爆，全市重点促销活动实现销售额 7482.62万元，同比增长16.42%，消费潜力持续释放。 节日期间，六盘水市场商品丰富、货源充足、价格稳定，市场秩序良好 ...

Core Insights - The National Day and Mid-Autumn Festival holiday saw 888 million domestic trips, with daily sales in consumer-related industries increasing by 4.5% year-on-year, indicating a robust consumption market driven by diverse demand and quality supply [1] Consumption Trends - Digital products, automobiles, and jewelry experienced significant sales growth during the holiday, with mobile phone sales up by 18.8%, automobile sales up by 12.6%, and jewelry sales up by 41.1% due to rising gold prices [2] - The trend towards green and smart consumption is evident, with a notable increase in sales of smart kitchen appliances by 167%, and other products like projectors and coffee machines seeing sales growth of 245%, 181%, and 292% respectively [2] Payment and Transaction Data - During the holiday, UnionPay and Wanglian processed 41.552 billion payment transactions amounting to 13.26 trillion yuan, marking an increase of 9.523 billion transactions and 1.86 trillion yuan compared to the previous year [3] Tourism Activity - The holiday period saw a record high of approximately 2.432 billion cross-regional movements, reflecting a vibrant tourism market, with tourism-related service sales increasing by 8.5% year-on-year [4] Policy Support and Future Outlook - The Ministry of Commerce plans to introduce more policies to promote cultural and tourism consumption, including high-quality development in the accommodation sector and integration of rail and tourism [6] - The rise in popularity of unique accommodations, such as themed hotels, indicates a shift towards enhancing service quality in the hospitality industry [6]

Core Insights - The 2025 National Day and Mid-Autumn Festival holiday saw record high travel numbers, with emerging consumption growth in new first-tier cities and county tourism, indicating a shift from traditional first-tier cities [1] - Domestic consumption is showing a "multi-polar" trend, with significant growth in county markets, which outpaced national averages, highlighting the economic potential outside major cities [1] - The travel structure is evolving, with self-driving and long-distance travel gaining popularity, reflecting consumer preferences for efficiency and cost balance [2] Group 1: Travel and Tourism Trends - Self-driving and inter-provincial travel are experiencing rapid growth, with a total of 2.432 billion people expected to travel during the holiday, marking a historical high [2] - The proportion of self-driving trips reached 80%, with significant increases in inter-city ride-hailing orders and cross-province travel bookings [2] - Cross-border tourism is witnessing a comprehensive recovery, with a 24% increase in entry and exit numbers at Pudong International Airport compared to the previous year [3] Group 2: Consumer Spending and Market Dynamics - The holiday period is a critical time for consumer spending, with retail and dining sales increasing by 2.7% year-on-year, and foot traffic in monitored shopping districts rising by 8.8% [4] - Experience-based consumption is becoming mainstream, with significant growth in orders for cultural and heritage experiences, as well as museum visits [4] - The domestic hotel market showed a 65% increase in booking heat, with a notable rise in multi-city bookings and high-quality accommodations outside first-tier cities [4] Group 3: Economic Indicators and Challenges - The film market is underperforming due to competition from short videos and a lack of diverse film offerings, while real estate sales show a clear divide between first and second-tier cities [5] - Despite strong export data and port activity, the global economic environment is facing challenges, with a slowdown in growth observed in the Eurozone [5] - There is a need for fiscal and monetary support to stimulate domestic demand, as the holiday consumption data shows significant disparities across sectors [6]

Core Insights - The consumption market during the National Day and Mid-Autumn Festival showed strong vitality, with 888 million domestic trips and a daily sales revenue growth of 4.5% year-on-year in related industries [1] Consumption Trends - Digital products, automotive sales, and jewelry saw significant growth, with mobile communication devices up 18.8%, automotive sales up 12.6%, and jewelry sales up 41.1% due to rising gold prices [1] - The consumption structure is optimizing, with a notable increase in total consumption, as evidenced by 41.552 billion payment transactions amounting to 13.26 trillion yuan during the holiday period, marking increases of 9.523 billion transactions and 1.86 trillion yuan compared to the previous year [2] Tourism and Travel - The travel sector experienced a surge, with 2.432 billion cross-regional movements recorded, the highest for the same period historically [3] - There was a 50% year-on-year increase in tourists engaging in deep travel experiences, staying in the same city for seven to eight days [3] - Tourism-related service sales revenue grew by 8.5% during the holiday [3] Policy Support - The government is expected to introduce more policies to promote cultural and tourism consumption, including high-quality development in the accommodation sector and integration of rail and tourism [4] - Specialty accommodations, such as themed hotels, gained popularity, with revenue from such services increasing by 9.7% [4] Accommodation Sector - The accommodation industry is focusing on quality upgrades, with innovative packages combining lodging with cultural experiences, such as hotel and museum ticket bundles [4] - There is a push for the accommodation sector to enhance management efficiency and embrace digital transformation to better connect with local tourism resources [4]

Core Insights - The recent National Day and Mid-Autumn Festival holiday saw a significant boost in domestic tourism and consumption, with 888 million domestic trips taken, an increase of 123 million compared to the previous year, and total spending reaching 809 billion yuan, up by 108.2 billion yuan [1][2] Group 1: Tourism and Travel - The holiday period recorded a historic high in cross-regional travel, with an estimated 2.432 billion people traveling, marking a 6.2% increase in daily average compared to the previous year [2] - The popularity of rural tourism is on the rise, with over 40% growth in bookings for rural homestays during the holiday, indicating a shift towards personalized travel experiences [4] Group 2: Consumer Spending - Key retail and catering enterprises reported a 2.7% year-on-year increase in sales during the holiday, with pedestrian traffic and sales in monitored shopping districts rising by 8.8% and 6.0%, respectively [2] - Sales of green organic food surged by 27.9%, smart home products by 14.3%, and domestic fashion by 14.1%, reflecting changing consumer preferences [2] Group 3: Cultural and Entertainment Activities - The holiday featured over 29,000 cultural and tourism events, with significant participation in traditional performances and exhibitions, showcasing the integration of culture and tourism [3] - The film industry experienced a strong performance, with total box office revenue reaching 1.835 billion yuan during the holiday, and domestic films accounting for 98.93% of the total box office [3] Group 4: Government Initiatives and Policies - Various government initiatives, including consumption vouchers and promotional activities, were implemented to stimulate consumer spending, with over 4.8 billion yuan in subsidies distributed [7] - The Ministry of Finance and the Ministry of Commerce announced a pilot program for new consumption models in selected cities to enhance product supply and innovate consumption experiences [8]

国庆、中秋假期，各地区各部门通过政策支持和创新服务激发消费潜力，全国消费市场供给丰富、运行 平稳，居民消费需求集中释放，市场活力不断增强。 习近平总书记强调："要积极扩大国内需求""创造更多消费场景，持续释放消费和投资潜力"。 商务部商务大数据监测显示，假期前四天，全国重点零售和餐饮企业销售额同比增长3.3%，消费市场 呈现繁荣活跃的良好态势。 节庆活动精彩纷呈，消费市场供需两旺 10月2日，江西芦溪县仙凤三宝园内，呦呦欢乐剧场座无虚席，儿童剧《莱杰的愿望》赢得阵阵掌声； 潮玩市集与法治文化广场上，特色小吃与手工艺品摊位前人头攒动。当地发放100万元消费券，以"政府 补贴+企业让利"双向发力，有效激发消费潜力。 10月2日，湖南株洲天泽华丽服装市场，数百家商户推出双节特惠、直播展演等活动，吸引消费者前来 打卡购物。"场景焕新带来消费增量。"活动主办方湖南天泽商业集团有限公司有关负责人介绍，假期首 日，市场客流量同比上升35%，采购订单量环比增长28%，省外采购商占比达16%。 10月3日，新疆喀什古城景区游客如织。"古丽的家"民宿经营者沙拉麦提介绍，这段时间民宿每日接待 的游客都很多，房间提前一个月就订满了。 ...

封面新闻记者 罗轩 9月28日晚，"购在中国•四川站"暨第四届中国（四川）国际熊猫消费节达州分会场活动在莲花湖畔启动。 与会领导共同启动活动 "达州市委、市政府高度重视消费工作，举办系列活动，持续释放消费潜力，各项工作走在了全省前列，为全省经济大盘作出了积极贡献，真正体现了大 市担当。"四川省商务厅党组书记、厅长惠朝旭称，本届熊猫消费节在达州设立分会场，是对达州消费工作的充分肯定，更是对达州市场消费潜力的巨大 期许。省商务厅将充分发挥职能职责，一如既往支持达州，推动达州消费、服务业、外贸业等实现高质量发展，助力达州各项事业兴旺发达，为"重振巴 渠雄风、重塑大市荣光"持续注入新动能。 活动现场表演环节 活动现场表演环节 达州将紧扣"更有国际范、更具含金量、更加多元化、更添烟火气"的目标，深度融入全省活动框架，联动开展"庆双节•迎川超•创5A"金秋消费季系列活 动，以最严监管守护市场秩序，以最优服务保障消费体验，让商家"安心经营、放手发展"，让消费者"吃住行、游购娱"放心开心舒心，切实把消费节办成 群众的"购物狂欢节"、企业的"丰收盛宴"、城市的"欢乐盛典"。 同时，梁磊向大家发出诚挚邀请，欢迎大家相约达州、畅游 ...

Economic Overview - The overall economic operation in the city remains stable and shows a positive trend in August, supported by the implementation of various policies [1][2] Industrial Production - The industrial added value of enterprises above designated size increased by 8.3% year-on-year in August, outperforming the national and provincial averages by 3.1 and 0.1 percentage points respectively [1] - Key industries such as modern food manufacturing and electronic information industry saw significant growth, with added values increasing by 10.9% and 10.0% respectively, contributing 4.6 percentage points to the overall industrial growth [1] - Strategic emerging industries also grew rapidly, with an added value increase of 9.0% year-on-year [1] - From January to August, the industrial added value increased by 8.8% year-on-year, exceeding national and provincial growth rates by 2.6 and 0.3 percentage points [1] Fixed Asset Investment - Fixed asset investment in the city grew by 5.1% year-on-year from January to August, higher than the national and provincial growth rates by 4.6 and 0.4 percentage points respectively [1] - Investment in major projects (over 100 million) increased by 14.3% year-on-year, significantly boosting overall investment growth by 7.4 percentage points [1] Industrial Investment - Industrial investment continued to grow at a high rate, with a year-on-year increase of 34.1%, maintaining double-digit growth for eight consecutive months [2] - Private investment showed strong vitality, increasing by 9.5% year-on-year, contributing 5.5 percentage points to overall investment growth [2] - Investment in high-tech manufacturing increased by 9.0% year-on-year, with notable growth in specific sectors such as computer and office equipment manufacturing (108.5%), pharmaceutical manufacturing (49.9%), and aerospace equipment manufacturing (41.3%) [2] Consumer Market - The total retail sales of social consumer goods reached 52.53 billion yuan in August, with a year-on-year growth of 3.2% [2] - Basic living goods maintained rapid growth, while smart upgrade products like wearable devices and photographic equipment remained active, and fashion consumption saw accelerated growth [2] - From January to August, the total retail sales reached 435.5 billion yuan, with a year-on-year growth of 5.9%, and retail sales of units above designated size increased by 10.5% [2] - The Consumer Price Index (CPI) for residents decreased by 0.2% year-on-year from January to August [2] Conclusion - The city’s economy continues to show a stable and positive development trend, supported by the effectiveness of existing policies, although challenges remain due to a complex external environment and weak domestic demand [2]

Core Viewpoint - The Chinese government is focusing on enhancing community embedded service facilities to stimulate investment and improve the community service system, particularly in the areas of elderly care and childcare, to meet the growing demand for high-quality living standards [1][2][3]. Group 1: Investment in Community Services - The National Development and Reform Commission (NDRC) is promoting the construction of community embedded service facilities, with a focus on providing one-stop services for elderly care, childcare, and other community needs [2][3]. - The proportion of nursing care beds in elderly care facilities has increased to 64.6%, and the number of childcare places for children under three has surpassed 5.7 million [2]. - Local governments, such as Beijing, are implementing measures to enhance fertility support policies, including community resources for childcare services [2][4]. Group 2: Economic Growth and Consumption - In the first half of the year, domestic demand contributed 68.8% to GDP growth, with final consumption accounting for 52%, highlighting the increasing importance of consumption in driving economic growth [4]. - The government is focusing on optimizing investment structures to align with the rising demands in education, healthcare, elderly care, and childcare, indicating significant investment potential in these areas [4][5]. - The construction of complete communities is being promoted to address gaps in public services, allowing residents to access essential services close to home [4]. Group 3: Policy Support for Consumption - A series of policies have been introduced to support the silver economy and enhance consumer spending, including personal consumption loan interest subsidies [5][6]. - The government is committed to sustaining policies that stimulate domestic demand and consumption, especially in light of external economic uncertainties [6].