据临沂商城价格指数信息系统监测，本月临沂商城月价格总指数为102.18点，环比下跌0.03点，跌幅 0.03%；同比下跌1.75点，跌幅1.68%；与年初比下跌1.66点，跌幅1.60%。 在14类商品月价格指数中，上涨的5类、持平的2类、下跌的7类。其中，上涨前2位的是：建筑装潢材料 类、五金电料类；下跌前2位的是：钢材类、日用品类。涨跌幅前2的情况如下： 一、建筑装潢材料类月价格指数环比上涨 本月，建筑装潢材料类月价格指数收于106.49点，环比上涨0.31点。二级分类中，装饰材料、结构安装 材料、结构材料月价格指数上涨，专用材料小幅下跌。本月建筑装潢材料类月价格指数上行主要受需求 增长带动，元旦将至，景区、商场积极布置跨年活动场景，装饰材料中铝型材、壁纸、木雕、装饰画等 产品需求释放，价格涨幅较为明显，市场整体销售情况阶段性回暖；另外近期气温较为稳定，家工装施 工进度加快，刚需带动散户客流量增加，平均销售价格小幅上涨。 二、五金电料类月价格指数环比上涨 三、钢材类月价格指数环比下跌 本月，钢材类月价格指数收于95.68点，环比下跌0.28点。从盘面看，三级分类中板材类、建筑钢材类、 管材类、型材类分别下 ...

点 击 蓝 字 关 注 我 们 本文全文共 2456 字，阅读全文约需 8 分钟 2025年11月全国整体乘用车市场价格指数 一、 2025 CAM·整体价格变化指数—11月 二、 2025 CAM·整体优惠变化指数—11月 三、 2025 CAM·各车身形式指数—11月 轿车市场 CAM·11月轿车市场价格变化指数为 -8.16，市场成交价12.26万 CAM·11月整体市场价格变化指数为 -0.39，市场成交价15.79万 i. 本月市场整体成交价较上月上升7,757元，环比提高5.17 % ii. 各细分市场来看，仅有MPV市场成交价下降，轿车和SUV市场成交价小幅回升；其中轿车市场 （4.49%↑）、SUV市场（5.78%↑）、MPV（4.39%↓） CAM·11月整体市场优惠变化指数为 -1.3，市场优惠幅度2.57万 i. 本月市场整体优惠幅度较上月减少841元，环比降低3.17% ii. 本月大类细分市场中，SUV和MPV市场优惠幅度明显减弱；其中轿车（0.3%↑）、SUV（6.3%↓）、 MPV（6.4%↓） i. 本月轿车市场整体成交价较上月上升5,266元，环比提高4.49% ii. 各细 ...

据临沂商城价格指数信息系统监测，本周临沂商城周价格总指数为102.23点，环比下跌0.14点，跌幅 0.14%；同比下跌1.59点，跌幅1.53%；与年初比下跌1.57点，跌幅1.51%。 在14类商品价格指数中，上涨的2类、持平的6类、下跌的6类。其中，上涨的2类是：陶瓷类、五金电料 类；下跌前3位的是：钢材类、板材类、家用电器和音像器材类。涨跌幅前3的情况如下： 本周，陶瓷类周价格指数收于104.87点，环比上涨0.04点，其中陶瓷洁具价格小幅上涨，日用陶瓷、建 筑陶瓷价格稳定。随着季节转换，座便器等洁具产品进入季节性销售淡季，市场交易以散户零售为主， 带动平均销售价格小幅上涨；日用陶瓷产品需求释放，中下游经销商积极备货，陶瓷盘、陶瓷碗等陶瓷 餐具产品销量环比上涨。 二、五金电料类周价格指数环比上涨 一、陶瓷类周价格指数环比上涨 本周，五金电料类周价格指数收于119.76点，环比上涨0.03点，二级分类中电线电缆价格继续上涨，仪 器仪表、建筑装饰五金、五金工具价格微涨。电线电缆中的单层绝缘电线价格继续上行，走货量稳中微 降，双层电力电缆价格稳定，但走货量较上周有所回落；电工电器中开关、插座等销量小幅下降。 ...

Calculating housing costs presented one of the thorniest challenges—and they make up a huge portion of the price index. ...

Group 1: Power Generation and Industrial Activity - The cumulative power generation of coal-fired power plants in December decreased by 8.2% year-on-year, compared to a 7.2% decline in November, indicating a continuation of weak demand in both power and non-power sectors [1][6] - The industrial operating rates showed mixed results, with the operating rate of steel blast furnaces down by 0.7 percentage points year-on-year, while the operating rate of weaving machines in Jiangsu and Zhejiang increased by 0.1 percentage points [7][8] - Key steel mills reported a 1.4% month-on-month decline in crude steel production, with a 4.5% year-on-year decrease, while rebar production fell by 10.5% month-on-month and 16.2% year-on-year [9] Group 2: Construction and Material Supply - The funding availability rate for construction sites improved marginally, with a 0.2 percentage point increase in funding for both non-residential and residential construction [11] - The asphalt production rate remained stable month-on-month but decreased by 0.4 percentage points year-on-year, indicating fluctuations in construction activity [11][12] - The national cement dispatch rate recorded a 30.09% rate, down 3.1 percentage points month-on-month, reflecting a slowdown in construction material supply [12] Group 3: Consumer Behavior and Sales Trends - The average daily subway ridership in major cities increased by 1.4% year-on-year, while domestic flight operations rose by 1.3%, suggesting a slight recovery in consumer mobility [3][12] - Real estate sales remained weak, with a 32.9% year-on-year decline in average daily transactions of commercial housing in major cities during the first half of December [16] - Retail sales of passenger vehicles saw a significant drop of 32% year-on-year, with wholesale sales down by 40%, indicating a contraction in consumer spending in the automotive sector [17] Group 4: Manufacturing and Export Activity - The container throughput at domestic ports increased by 6.7% year-on-year, although this growth rate was lower than the 10.2% recorded in November, reflecting ongoing resilience in trade [21] - The Business Price Index (BPI) showed signs of recovery, with a 0.8% increase compared to the end of November, indicating a potential stabilization in industrial prices [24] - The production of household appliances continued to decline, with online sales of air conditioners, refrigerators, and washing machines dropping significantly, reflecting reduced consumer demand [18][19]

基金的业绩比较基准，是基金公司按产品投资策略与资产配置设定的业绩目标参考。 对于投资者来说，它也是判断基金业绩优劣的重要依据——对于被动指数基金而言，它不仅划 定了投资范围也决定了业绩目标；对于主动基金来说，它还承担着检验基金创造超额收益能力 的责任。 然而在过去很长一段时间里，很多人因为认为"基准指数不难战胜"，所以对基准的关注度也不 高。这也催生了不少问题，比如部分基金会通过大幅偏离基准的投资范围来博取短期业绩，最 终让投资者承担了预期以外的风险。 监管部门也非常关注这些问题，在今年5月专门发文强调，要求规范基金业绩比较基准设置， 让其充分发挥衡量业绩的"标尺"作用。 在这样的背景下，我们也有必要重新深入讨论一个问题：基准是否真的像大家印象中的那样好 战胜吗? 晨星近期的研究发现，答案并非如此——选用不同收益处理方式的指数作为基准，会对基金相 对收益产生显著的影响。接下来，我们就来深入探究一下这个问题，看看到底什么指数才是基 金"可比"的业绩比较基准？"用错"基准又会对业绩比较造成哪些影响？ 01 投资收益从哪来？ 在此之前，我们得弄清楚一个基本的问题：我们实际到手的投资收益到底从哪来？ 无论是股票还是债 ...

Core Insights - The overall price index for Linyi Mall in the current month is 102.18 points, reflecting a month-on-month increase of 0.17 points (0.17% rise), a year-on-year decrease of 1.75 points (1.68% drop), and a decline of 1.66 points (1.60% drop) compared to the beginning of the year [1]. Price Index Summary - Among 14 categories of goods, 8 categories saw price increases, 3 remained stable, and 3 experienced price declines. The top two categories with price increases are steel and ceramics, while the top two categories with price declines are clothing and daily necessities [3]. Steel Category - The monthly price index for steel is 95.96 points, with a month-on-month increase of 0.65 points. All subcategories, including construction steel, profiles, plates, and pipes, showed price increases. In November, steel prices fluctuated, with significant increases at the beginning of the month, followed by stability in the latter half. The rise in upstream raw material prices supported the cost side, leading to a slight increase in market steel prices. However, terminal demand remains weak, limiting the growth in sales volume [5]. Ceramics Category - The monthly price index for ceramics is 106.44 points, with a month-on-month increase of 0.58 points. The indices for sanitary ceramics and architectural ceramics increased by 2.41 points and 0.06 points, respectively, while daily ceramics saw a price decline. Seasonal changes and reduced construction activities have led to a seasonal sales slump for products like toilets and tiles. However, increased wedding activities and a recovering catering industry have boosted demand for daily ceramics, resulting in a slight increase in sales volume and revenue [7]. Clothing and Accessories Category - The monthly price index for clothing and accessories is 102.71 points, reflecting a month-on-month decrease of 0.21 points. Both clothing and accessories categories experienced declines of 0.43 points and 0.12 points, respectively. The market showed a "rise then fall" pattern in November, with strong demand for winter products in the first half of the month due to significant temperature drops. However, the early "Double Eleven" promotions drained consumer demand, leading to a decline in sales for children's and women's clothing in the latter half of the month [8][13]. Daily Necessities Category - The monthly price index for daily necessities is 102.77 points, with a month-on-month decrease of 0.04 points. Significant price drops were observed in bags, personal care and beauty products, and toys. The decline in prices is primarily driven by a notable drop in bag sales, while other categories like labor protection tools and kitchenware saw stable prices due to increased wholesale volumes [11].

Core Insights - The overall market price index for October 2025 shows a decline of 5.32, with an average transaction price of 150,100 [4] - The car market continues to experience price reductions, with sedans down by 5.64%, SUVs by 0.23%, and MPVs by 3.03% [4][5] - The overall discount index for the market decreased by 0.78, with an average discount of 26,500 [4] Group 1: Overall Market Trends - The overall market transaction price decreased by 4,187 yuan from the previous month, a 2.71% decline [4] - The sedan market transaction price fell by 7,014 yuan, a 5.64% decrease [5] - The average discount in the sedan market decreased by 670 yuan, a 2.37% reduction [6] Group 2: Segment Analysis - In the SUV market, the transaction price decreased by 407 yuan, a 0.23% decline, while the average discount decreased by 118 yuan [7][9] - The MPV market saw a transaction price drop of 8,502 yuan, a 3.03% decline, with discounts reducing by 3,021 yuan [8][9] - The top-selling MPV model surpassed GL8, indicating a shift in market leadership [8] Group 3: New Energy Vehicle Market - The overall price index for the new energy vehicle market decreased by 6.66, with an average transaction price of 152,100 [9] - The new energy sedan market transaction price fell by 7,930 yuan, a 7.35% decline, with discounts decreasing by 410 yuan [12] - The new energy SUV market saw a price increase of 3,882 yuan, a 2.02% rise, while discounts increased by 396 yuan [10][12] Group 4: Price and Discount Trends - The average discount in the new energy market decreased by 147 yuan, a 1.48% reduction [9] - The MPV segment in the new energy market experienced a significant discount reduction of 3,374 yuan, a 20.18% decline [15] - The market for new energy MPVs remains strong, with over 50% of sales in the 300,000 to 400,000 yuan price range [12]

Core Insights - The overall price index of Linyi Mall increased slightly to 102.38 points this week, reflecting a marginal week-on-week rise of 0.01 points, but a year-on-year decline of 1.50 points [1] Price Index Summary - **Household Appliances and Audio-Visual Equipment**: The price index rose to 103.03 points, up by 0.08 points week-on-week, driven by increased sales of personal appliances like foot baths and hair dryers, despite slower sales of air conditioners and kitchen appliances [5] - **Building and Decoration Materials**: The index increased to 106.17 points, up by 0.08 points week-on-week, influenced by rising aluminum prices, although overall market demand remains weak due to lower temperatures [8] - **Steel**: The index reached 95.99 points, with a week-on-week increase of 0.02 points, but the market is experiencing seasonal slowdowns in construction activity, leading to reduced purchasing enthusiasm [10] - **Clothing and Accessories**: The index fell to 103.64 points, down by 0.02 points week-on-week, with notable price drops in footwear, although there was an increase in wholesale transactions for certain apparel items [13] - **Cultural and Office Supplies**: The index decreased to 108.63 points, down by 0.01 points week-on-week, as demand weakened and inventory levels were reduced by distributors [16] - **Daily Necessities**: The index dropped to 102.77 points, down by 0.01 points week-on-week, with price declines in various categories, although some items like jewelry saw price increases [19] Price Index Table Summary - The overall price index increased from 102.37 to 102.38 points, with various categories showing mixed results in price changes [21]

Core Insights - The overall price index for Linyi Mall this week is 102.34 points, showing a slight decrease of 0.02 points week-on-week, a decline of 1.55 points year-on-year, and a drop of 1.46 points compared to the beginning of the year [1] Price Index Summary - Among 14 categories of goods, 5 categories saw price increases, 2 remained stable, and 7 experienced price declines. The top three categories with price increases are: board materials, educational and office supplies, and ceramics [3] - The board materials price index rose to 97.37 points, with a week-on-week increase of 0.05 points, driven by increased demand in municipal engineering and home decoration sectors [5] - The educational and office supplies price index increased to 108.67 points, with a week-on-week rise of 0.03 points, although sales of sports and entertainment products saw a slight decline due to lower outdoor temperatures [8] - The ceramics price index reached 104.81 points, with a week-on-week increase of 0.02 points, as seasonal sales of ceramic sanitary ware and tiles began to slow down [10] - The clothing and accessories price index decreased to 103.68 points, with a week-on-week drop of 0.13 points, as demand for winter clothing increased but prices fell due to lower sales of certain items [13] - The home appliances and audio-visual equipment price index fell to 103.03 points, with a week-on-week decline of 0.06 points, as sales volumes for various appliances decreased [16] - The steel price index decreased to 95.95 points, with a week-on-week drop of 0.04 points, attributed to a decline in upstream raw material prices and weakened terminal demand [17] Detailed Price Index Table - The price index changes for various categories are as follows: - Total Price Index: 102.36 to 102.34 (-0.02) - Board Materials: 97.32 to 97.37 (+0.05) - Educational and Office Supplies: 108.64 to 108.67 (+0.03) - Ceramics: 104.79 to 104.81 (+0.02) - Home Appliances and Audio-Visual Equipment: 103.09 to 103.03 (-0.06) - Clothing and Accessories: 103.81 to 103.68 (-0.13) - Steel: 95.99 to 95.95 (-0.04) [18]