Macao’s TPI Surges Over 22% In Q3

Xinhua/APP

Macao: The Tourist Price Index (TPI) of Macao for the third quarter of 2023 increased 22.22 percent year-on-year to 141.16, informed Special Administrative Region’s (SAR) stats service on Friday.

The Statistics and Census Service latest report showed that the quarterly increase is mainly attributable to higher hotel room rates, rising charges for restaurant services and dearer prices of jewellery.

The price index of accommodation soared 180.00 percent year-on-year. Price indices of entertainment and cultural activities and clothing and footwear increased 17.01 percent and 4.90 percent, respectively.

In comparison with the previous quarter, TPI for the third quarter of 2023 went up by 2.86 percent. Higher hotel room rates pushed up the price index of accommodation by 14.87 percent quarter-to-quarter.

The index of clothing and footwear decreased 5.43 percent on account of the seasonal sale of summer clothing.