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Tourist Price Index (TPI) for the 3rd Quarter 2011

Statistics and Census Service
2011-10-14 15:06
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Information from the Statistics and Census Service indicated that TPI (116.62) for the third quarter of 2011 surged by 16.70% year-on-year. Price index of Accommodation (+47.41%); Miscellaneous Goods (+26.83%); Restaurant Services (13.82%); and Food, Alcoholic Beverages & Tobacco (+12.70%) recorded notable year-on-year increase, attributable to rising hotel room rate and charges for restaurant service, as well as dearer prices of food and gold jewellery.

TPI for the third quarter of 2011 increased by 4.80% quarter-to-quarter, of which the price index of Miscellaneous Goods registered an increase of 10.90% on account of higher jewellery price. In addition, price index of Restaurant Service registered a quarter-to-quarter increase of 7.60%.

The average TPI for the last four quarters ended the third quarter of 2011 rose by 13.60% from the previous period, with index of Accommodation and Miscellaneous Goods surging by 31.44% and 21.57% respectively. For the first three quarters of 2011, TPI went up by 14.24% year-on-year, with remarkable increase being observed in Accommodation Services (+35.97%) and Miscellaneous Goods (+21.75%).

The 2009/2010-based TPI reflects the price changes of goods and services purchased by visitors. Sections of TPI goods and services are based on the consumption pattern of visitors, namely Food, Alcoholic Beverages & Tobacco; Clothing & Footwear; Accommodation; Restaurant Services; Transport & Communications; Medicine & Personal Goods; Entertainment & Cultural Activities; and Miscellaneous Goods.


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