On 15 december, data from the november consumer price index (cpi) of wuhan city were released: a 0. 4 per cent increase over the same period and a 0. 1 per cent decline in the ring. The core cpi, excluding food and energy, increased by 0. 9 per cent over the same period of the previous year by 0. 2 percentage points. On the face of the data, this is a moderate price trend, but an in-depth analysis has released three new scenarios for the wuhan consumer market: “living, innovation-driven, service-upgrading”, reflecting the resilience and dynamism of the wuhan consumer market。
November 2024-november 2025 cpi ratio in wuhan city, ring ratio (%)
Innovative drivers
I'm going to make a new one
Survey statistics show that the price of industrial consumer goods excluding energy increased by 2. 3 per cent and the price of large household appliances by 8. 0 per cent in november. Accelerator of white household electrons in refrigerators, washing machines, air conditioners。
On 15 december, a $13,999 small swan heat pump pump was packed in front of the one-stop shop at suning ei city square. “the machine doubled its average sales in winter, especially for small households. “sellers describe the time-saving intellectual experience as being particularly popular with young workers and as being in line with the demands of the “luspendant economy” as the preferred promotion for many families。
Similarly, in november, the price of recreational and durable consumer goods in wuhan increased by 2. 6 per cent over the same period, including prices for wearable smart equipment by 12. 8 per cent over the same period. Based on technological capabilities such as artificial intelligence and large data, smart wear equipment is shifting from a “tool” to a “accompaniment”. The latest watch gt6 smart watch attracts a lot of young people to stay at yongwanghua's authorized experience shop. One buyer said it could monitor blood oxygen, heart rate variability, like an accompanying doctor。
“the rise in the price of industrial consumer goods has become an important force in driving the cpi forward.” the president of the faculty of economics of wuhan light industries university pointed out that the price of industrial consumer goods had changed behind the shift of the wuhan consumer market from “whether or not” to “precision”. Industrial consumption has been characterized by a marked “discretion”, with an accelerated release of diversified, individualized and qualitative demand and a sustained activation of consumption growth potential。
Service upgrades
The concert's "second light" and "experiment economy" activates the new space for growth
If consumption of goods reflects “frequent demand”, then consumption of services is more of a “desir”。
In november, the prices of services in wuhan increased by 0. 2 per cent over the same period, with a 2. 2 per cent increase in cultural and recreational services and 2. 1 per cent increase in the rental cost of transport, demonstrating the dynamism of service consumption。
“standing south, chasing snow north” has become a new trend in tourism. The surge in demand for flights to sanya and harbin led to a 7. 5 per cent increase in air fare prices over the same period. At the same time, local literature consumption is equally hot, with a fan saying that the ticket to wuhan, a 900-dollar tour of a star, "the second of the ticket, it's impossible to steal!" is a microcosm of the concept of "pay for experience" consumption。
The ice movement is also on the rise. The director of the wuhan ice and snow center, located in the hanyang district, revealed that 300 people were received on working days and 500 on weekends, “many people first skied and fell in love with the sport”. In addition, car rental services were popular because of facilitation initiatives such as “free-leased cars” and one visitor from han stated: “it is too convenient to rent cars with seamless connections when they are high iron.”
The winner noted that these new scenes, new business patterns have broken down the time and spatial constraints of traditional consumption, tailored to the multiple demands of the “z generation” and family groups, and promoted service consumption from the “door ticket economy” to the “empirical economy” as a new dynamic to boost domestic demand。
According to industry sources, the consumption potential of wuhan is expected to be released further as the consumption season approaches, laying a solid foundation for the start of the economy next year。
Today
"one dollar dish" is a catch, and the basket price is steady
"twelve meat 12 pounds, grassfish 7 pounds, cabbage 1. 2 pounds..." on 16 december, aunt liu, with a basket full of vegetables, smiled at the farm market at the grand new world park in hanquÉ. The data show that the prices of food in wuhan were the same in november, with pork prices falling by 18. 4 per cent and cpi by 0. 26 percentage points。
"the price of a fat pig is only $5. 5 per pound, 30 percent less than last year." wang jianjun, head of a farmhouse in jiangxia district, told the yangtze daily newspaper that the number of pig farms had increased by 15 per cent this year and that the market was well supplied。
At the same time, the “one dollar” course “two dollars” is continuously available. According to the data, in november, the lowest prices of common vegetables, such as white carrots, winter melons and large cabbage, remained between 1. 2 and 2 pounds. In a nice and fresh garden on shinji street, journalists observed that the price of radish, cabbage 1. 88 per pound and spinach 2. 58 per pound had fallen to $1. 99 per pound. One of the store's vendors said that while the weather had turned cold and local vegetables had receded from the market, the prices had not increased or declined。
It's a nice and fresh market on shinji street. The yangtze daily newspaper, journalist chen yongjing
The great by-products market monitoring in wuhanpau reported that vegetable prices were “stablely low in terms of sufficient supplies” and that without a large wave of colds, no large fluctuations were expected and the overall trend was relatively stable。
According to the relevant head of the wuhan survey team of the national statistical office, this “stable drop” pattern of food prices provides a solid support for the moderate operation of the cpi as a whole and also opens up space for increased consumption in other areas。
The yangtze daily newspaper, chen yong-ju, correspondent of mog-rain
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