Information from Statistics and Census Service indicated that Tourist Price Index (TPI) for the third quarter of 2005 was 108.06, up by 0.16% over the previous quarter. Due to rising prices in cosmetics, hotel guest rooms and jewellery, indices of Medicine and personal goods, Accommodation and Miscellaneous goods rose by 1.45%, 0.55% and 0.50% respectively. On the other hand, Clothing and footwear was the only section that recorded a drop (-2.45%) in the index, which was resulted from reduced prices in summer clothing and footwear. Compared with the third quarter of 2004, TPI rose by 1.59% in this quarter, of which notable increases were recorded in the indices of Restaurant service (+4.02%), Medicine and personal goods (+3.65%), as well as Entertainment and culture (+3.19%). In addition, the average TPI for the four quarters ended in the third quarter of 2005 surged by 3.19% over the previous period. 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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