Macao's tourist price index increases 9.4% in Q1 of 2010

20:06, April 15, 2010      

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Macao's Tourist Price Index (TPI) for the first quarter of 2010 rose by 9.4 percent over the same period of the previous year to 161.81, according to figures released Thursday by the city's Statistics and Census Service (DSEC).

The figures showed that the price indices of miscellaneous goods, accommodation, transport and communications, food, alcoholic drinks and tobacco and restaurant services increased notably by 19.26 percent, 11.66 percent and 4.94 percent and 4.59 percent year on year respectively during the period.

The DSEC attributed the rise to dearer prices of jewelry led by rising gold prices, substantial rise of hotel room rate, airfares, food prices, as well as higher charges for restaurant services during the Lunar New Year. On the contrary, price index of clothing and footwear registered a slight decrease of 0.38 percent year-on-year.

TPI reflects the price changes of goods and services purchased by visitors to Macao, where tourism industry is a pillar of local economy.

The average TPI for the last 4 quarters ended the first quarter of 2010 increased by 5.83 percent over the previous period, with marked increase observed in the indices of miscellaneous goods, accommodation, food, alcoholic drinks and tobacco.

Source: Xinhua


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