Information from Statistics and Census Service indicated that Tourist Price Index (TPI) for the fourth quarter of 2005 was 111.43, up by 3.12% over the previous quarter. Due to higher prices in hotel accommodation, in jewellery that was influenced by rising gold prices, as well as in Winter clothing and footwear, indices of Accommodation; Miscellaneous goods; and Clothing and footwear rose by 10.91%, 6.26% and 2.26% respectively. On the other hand, Transport and communications was the only section that recorded a slight decrease (-0.01%) in the index. Compared with the fourth quarter of 2004, TPI rose by 2.83% in this quarter. In 2005, the annual average TPI increased by 2.89% over 2004, with notable increases in the indices of Accommodation (+7.39%); Entertainment and culture (+4.57%); and Restaurant service (+4.16%). 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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