Tourist Price Index (TPI) for the second quarter of 2005 was 107.89, down by 2.10% over the previous quarter. As a result of lower rate in hotel guest rooms and price decrease in watches, indices of Accommodation and Miscellaneous goods fell by 17.42% and 3.28% respectively. On the other hand, new arrivals of summer clothing and footwear pushed the index of Clothing and footwear up by 4.64%. Compared with the second quarter of 2004, TPI rose by 2.60% in this quarter, of which notable increases were recorded in the indices of Accommodation (6.95%), Entertainment and culture (6.51%) and Restaurant service (3.47%). The average TPI for the 4-quarter ended in the second quarter of 2005 surged by 3.85% over the previous period. In the first two quarters of 2005, TPI increased by 3.58% over the same period of 2004. 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. Base year of TPI is from July 1999 to June 2000.
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