People’s Daily Online, Beijing, December 11. On December 11, the Beijing Survey Team of the National Bureau of Statistics released data showing that in November, the residential consumer market was well supplied, demand fell seasonally, and the month-on-month decline in consumer prices expanded. High impact, year-on-year decline from flat. From January to November, the overall level of consumer prices in Beijing increased by 0.5% compared with the same period last year.

From a month-on-month perspective, CPI fell by 0.4% month-on-month, and the decline expanded by 0.1 percentage points from the previous month. Among them, food prices fell by 0.7%, and the decline narrowed by 0.6 percentage points from the previous month, affecting the CPI to fall by regarding 0.10 percentage points. Among foods, the supply of main fresh food is sufficient, with the prices of pork, eggs and fresh vegetables falling by 4.5%, 2.4% and 1.5% respectively; the prices of grain, edible oil, beef, mutton and poultry have fallen between 0.9% and 2.6%; Fresh fruit prices increased seasonally by 4.9%. Non-food prices fell by 0.4%, an increase of 0.3 percentage points from the previous month, affecting the CPI to fall by regarding 0.32 percentage points.

Among non-food items, travel demand fell seasonally, with hotel accommodation, travel agency charges and air ticket prices falling by 8.8%, 2.4% and 2.0% respectively. Affected by fluctuations in international oil prices, domestic gasoline and diesel prices fell by 2.8% and 2.9% respectively.

From a year-on-year perspective, CPI dropped by 0.3% year-on-year from being flat last month, and prices of food and industrial consumer goods continued to decline this month. Food prices fell by 5.4%, an increase of 0.8 percentage points from the previous month, affecting the CPI to fall by approximately 0.79 percentage points. Among foods, the prices of pork, eggs and fresh vegetables dropped by 33.0%, 9.3% and 8.3% respectively, which together affected the CPI by regarding 0.50 percentage points; the prices of beef, mutton and milk dropped more, with a decrease of between 5.1% and 9.3%. Non-food prices increased by 0.6%, a decrease of 0.2 percentage points from the previous month, affecting the CPI increase by regarding 0.51 percentage points.

Among non-food products, the price of industrial consumer goods fell by 1.0%, an increase of 0.8 percentage points from the previous month, affecting the CPI to fall by regarding 0.28 percentage points. Among them, the price of gasoline dropped by 2.8% from a 1.9% increase in the previous month. Service prices increased by 1.4%, an increase of 0.1 percentage points from the previous month. Among them, travel agency fees, hotel accommodation and air ticket prices increased by 20.1%, 12.3% and 11.6% respectively.

(Editors: Bao Congying, Gao Xing)

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All cars will hold their value better in 2023 compared to 2019 as a result of reduced new car production during the pandemic and limited supply of used cars today.

Before the pandemic, the average car would lose regarding 50 percent of its value in five years. Today, the average five-year depreciation is 38.8 percent, with electric vehicles being the worst group: losing regarding half their value.

The iSeeCars site analyzed more than 1.1 million vehicles sold between November 2022 and October 2023 to determine 5-year depreciation rates. When comparing this data historically, it found that depreciation was lower in the main segments than in 2019.

These 25 cars hold their value much better than average. The top-rated Porsche 911 coupe only loses 9.3 percent of its value following five years, indicating incredibly strong demand for this sports car on the second-hand market.

Three more Porsches, along with six Toyotas and four Subarus, reflect continued consumer demand for sports cars, small SUVs and fuel-efficient economy cars.

The rise in used car prices in recent years has pushed many buyers toward these smaller, lower-priced models.

Vehicles that depreciated the least in five years:

Source: Iseecars