Information from the Statistics and Census Service indicated that the Tourist Price Index (TPI) for the third quarter of 2008 was 143.70, up by 12.52% year-on-year. The price indices of Miscellaneous Goods; Clothing & Footwear; and Restaurant Service surged significantly by 22.97%, 20.60% and 14.18% respectively, which was attributable to dearer jewellery prices driven by rising gold prices, higher prices of men’s and ladies’ clothing, as well as rising charges of restaurant services. Moreover, the price index of Food, Alcoholic Drinks & Tobacco went up by 10.55% due to increasing prices of alcoholic beverages and pastries. Compared with the second quarter of 2008, TPI rose slightly by 0.11% in this quarter, with the price index of Clothing & Footwear rising by 12.22%, on account of higher prices of new arrivals of men’s and ladies’ clothing; meanwhile, the price indices of Restaurant Service and Food, Alcoholic Drinks & Tobacco rose by 3.32% and 2.93% respectively. On the contrary, the price index of Accommodation registered a quarter-to-quarter decrease of 9.34% as a result of lower hotel room rates. The average TPI for the last 4 quarters ended the third quarter of 2008 increased by 12.48% over the previous period. In the first three quarters of 2008, TPI went up by 12.78% year-on-year. TPI reflects the price changes of goods and services purchased by visitors, which is compiled based on the consumption pattern of visitors. TPI covers eight 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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