Results of the 1st Quarter 2006 Tourist Price Index (IPT)

Information from Statistics and Census Service indicated that Tourist Price Index (TPI) for the first quarter of 2006 was 115.26, up by 3.44% over the previous quarter. Due to higher prices in jewellery, caused by the rising gold prices; in hotel accommodation during the Chinese new year, as well as the chinese food in restaurant, indices of Miscellaneous goods; Accommodation and Restaurant service rose by 8.67%, 8.21% and 1.44% respectively. On the other hand, Clothing & footwear was the only section that recorded a decrease (-0.15%) in the index, resulted from reduced prices in men’s clothing. Compared with the first quarter of 2005, TPI rose by 4.59% in this quarter, with notable increases in the indices of Miscellaneous goods (+12.24%), Restaurant service (+4.52%), and Clothing & footwear (+4.23%). On the other hand, Accommodation (-0.35%) was the only one that registered decrease. The average of last four quarter ended in the 1st quarter of 2006 TPI increased by 2.92% over the last four quarter ended in the 1st quarter of 2005. TPI is an indicator used to reflect the price changes of goods and services purchased by visitors, which is compiled based on the consumption pattern of visitors derived from the Visitor Expenditure Survey. TPI covers 8 sections of goods and services, namely Food, alcoholic drinks and tobacco, Clothing and footwear, Accommodation, Restaurant service, Transport and communications, Medicine and personal goods, Entertainment and culture, as well as Miscellaneous goods. The base year of TPI is from July 1999 to June 2000.

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