Macao's Tourist Price Index rises 11.43 pct in Q2 of 2011

15:40, July 16, 2011      

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Macao's Tourist Price Index (TPI) for the second quarter of 2011 rose 11.43 percent over the same period of last year, according to the figures released Friday by the city's Statistics and Census Service (DSEC).

The DSEC figures indicated that the price indices of Accommodation, Miscellaneous goods, Food, alcoholic beverages and tobacco increased notably in the period by 29.82 percent, 16.81 percent and 10.48 percent year-on-year respectively.

The notable increase was pushed by soaring hotel room rate and dearer prices of food and gold jewelry, the DSEC said.

Compared with the first quarter of this year, the TPI for the second quarter of 2011 decreased by 1.42 percent quarter-to- quarter, of which the price indices of Accommodation registered a decrease of 12.1 percent on account of lower hotel room rate from the first quarter.

On the contrary, price index of Clothing and footwear, and Entertainment and cultural activities increased by 8.54 percent and 3.65 percent respectively.

The average TPI for the last four quarters ended the second quarter of 2011 increased by 12.22 percent from the previous period, with marked increase being observed in the index of Accommodation (24.33 percent) and Miscellaneous goods (19.08 percent), the DSEC also said.

TPI reflects the price changes of goods and services purchased by visitors, which is compiled according to the consumption pattern of visitors.

Source: Xinhua
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