Information from the Statistics and Census Service indicated that the Tourist Price Index (TPI) for the second quarter of 2007 was 129.59, up by 2.29% over the previous quarter. Attributable to price increase of food and beverages in restaurants, the index of Restaurant service rose significantly by 9.67% compared with the first quarter. The indices of Clothing & footwear and Miscellaneous goods went up by 5.72% and 2.70% respectively, on account of dearer prices of the new arrival of Summer clothing and footwear, as well as higher jewellery prices that was pushed up by rising gold prices. On the other hand, the index of Accommodation went down by 2.87% due to lower charges of hotel guest room after the Chinese New Year. Compared with the second quarter of 2006, TPI rose by 7.95% in this quarter, with notable increase in the indices of Restaurant service (+15.89%), Miscellaneous goods (+9.85%) and Clothing & footwear (6.91%). The average TPI for the last 4 quarters ended in the 2nd quarter of 2007 increased by 9.09% over the previous period. In the first half of 2007, TPI increased by 8.91% over the same period of 2006. TPI is an indicator that reflects 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 & tobacco; Clothing & footwear; Accommodation; Restaurant service; Transport & communications; Medicine & personal goods; Entertainment & culture; and Miscellaneous goods. The base year of TPI is from July 1999 to June 2000.
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