TOURISM PRICE INDEX THIRD QUARTER 2005
Introduction
The Tourism Price Index (TPI) for the third quarter of 2005 stood at an
index level of 160.22 up 3.69 percentage points from the 154.52 index
which was recorded in June 2005. A year earlier (September 2004), the index stood at
148.93.
Quarterly Comparison
The quarterly comparison of the Tourism Price Index subgroups recorded
increases in Accommodation subgroup which went up by 5.17 percentage
points, Food and Beverage subgroup which went up by 2.01
percentage points, Clothing and Jewelry subgroup increased by 0.29
percentage points ,and Transportation subgroup which increased by 6.55 percentage
points. The subgroup which recorded a decrease was - Miscellaneous
which fell by 1.28 percentage points. The subgroup which remained
unchanged were Package Travel and Recreation and Sporting Activities
Annual
An annual comparison recorded significant changes in all subgroups. The
subgroups which had increases were, Food and Beverage which increased by
8.34 percentage points, Clothing & Jewelry increased by 0.93
percentage points, Transportation went up by 23.28 percentage points, Miscellaneous by
6.96 percentage points, Recreation and Sporting Activities by 2.83
percentage points and Accommodation by 9.34. The Package
Travel subgroups decline by 3.70 percentage points.
Rate of inflation
The rates of the TPI inflation registered a quarterly rate of
3.69
percent and an annual rate of 7.58 percent .
TOURISM PRICE INDEX QUARTERLY COMPARISON
(March 1999=100)
| SUBGROUP |
WEIGHT |
SEPT.
2005
INDEX |
JUNE
2004
INDEX |
QUARTERLY
COMPARISON |
SEPT
2004
INDEX |
ANNUAL
COMPARISON |
| Package
Travel |
14.36 |
119.82 |
119.82 |
0.00 |
124.42 |
-3.70 |
| Accommodation |
56.20 |
177.31 |
168.60 |
5.17 |
162.17 |
9.34 |
| Food &
Beverage |
18.21 |
141.06 |
138.28 |
2.01 |
130.20 |
8.34 |
| Clothing
and Jewelry |
1.72 |
217.52 |
216.89 |
0.29 |
215.52 |
0.93 |
| Transportation |
4.03 |
137.08 |
128.66 |
6.55 |
111.20 |
23.28 |
| Recreation
and Sporting Activities |
2.49 |
172.46 |
172.46 |
0.00 |
167.71 |
2.83 |
| Miscellaneous |
2.99 |
137.59 |
139.38 |
-1.28 |
128.64 |
6.96 |
| All
Groups |
100.0 |
160.22 |
154.52 |
3.69 |
148.93 |
7.58 |
TABLE 2
QUARTERLY AND ANNUAL CHANGES IN THE AVERAGE RETAIL PRICES
FOR A SELECTED BASKET OF GOODS AND SERVICES
(US DOLLARS)
| |
Quarterly Comparison |
Annual Comparison |
| Items |
Sept
2005 |
June
2004 |
Price
Change |
%
Change |
Sept.
2004 |
Price
Change |
% Change |
|
Package Travel/Package Tour |
| 1 |
Sail-Away the BVI |
1,560.00 |
1,560.00 |
0.00 |
0.00 |
1,620.00 |
-60.00 |
-3.70 |
|
ACCOMMODATION |
| 1 |
Average Room Rates |
473.80 |
421.87 |
51.94 |
12.31 |
403.94 |
69.86 |
17.30 |
| 2 |
Charter a Boat |
477.83 |
510.00 |
-32.17 |
-6.31 |
478.87 |
-1.03 |
-0.22 |
| FOOD,
BEVERAGES AND TOBACCO |
| 1 |
Food and Meals at hotel |
66.10 |
66.10 |
0.00 |
0.00 |
66.10 |
0.00 |
0.00 |
| 2 |
Food and Meals outside Hotel |
| 2a |
Breakfast |
10.75 |
10.75 |
0.00 |
0.00 |
8.75 |
2.00 |
22.86 |
| 2b |
Lunch |
12.35 |
12.10 |
0.25 |
0.00 |
11.32 |
1.03 |
9.09 |
| 2c |
Dinner |
|
|
|
|
|
|
|
| 3 |
Yacht & Guest
House Provisioning |
| |
Food and Beverage ( Price Index) |
122.00 |
122.00 |
0.00 |
0.00 |
122.00 |
0.00 |
0.00 |
| |
Household Supplies (Price index) |
156.00 |
156.00 |
0.00 |
0.00 |
156.00 |
0.00 |
0.00 |
| |
Miscellaneous (Price Index) |
133.80 |
133.80 |
0.00 |
0.00 |
133.80 |
0.00 |
0.00 |
| CLOTHING
& JEWELRY |
| CLOTHING |
| 1 |
T-Shirts |
13.24 |
13.24 |
0.00 |
0.00 |
13.75 |
-0.51 |
-3.71 |
| 2 |
Man's and boy's pants |
31.75 |
31.75 |
0.00 |
0.00 |
26.50 |
5.26 |
19.83 |
| 3 |
Ladies and girl's dress |
61.33 |
63.00 |
-1.67 |
-2.65 |
65.00 |
-3.67 |
-5.64 |
| JEWELRY |
| 4 |
Watches |
196.67 |
193.33 |
3.33 |
1.72 |
196.67 |
-0.51 |
-3.71 |
| 5 |
Rings |
420.00 |
420.00 |
0.00 |
0.00 |
420.00 |
0.00 |
0.00 |
| TRANSPORTATION |
| 1 |
Taxi Fare |
21.00 |
19.00 |
2.00 |
10.53 |
18.00 |
3.00 |
16.67 |
| 2 |
Boat Fare |
25.00 |
25.00 |
0.00 |
0.00 |
19.50 |
5.50 |
28.21 |
| 3 |
Island Tour per person |
30.00 |
30.00 |
0.00 |
0.00 |
17.50 |
12.50 |
71.43 |
| 4 |
Car Rental (Average) |
49.28 |
50.18 |
-0.90 |
-1.79 |
51.07 |
-1.79 |
-3.51 |
| 5 |
Temporary Driving License |
10.00 |
10.00 |
0.00 |
0.00 |
10.00 |
0.00 |
0.00 |
| 6 |
Gasoline |
3.31 |
2.84 |
0.48 |
16.92 |
2.42 |
0.90 |
37.11 |
| RECREATION
& SPORTING ACTIVITIES |
| 1 |
Entertainment Recreation |
19.00 |
19.00 |
0.00 |
0.00 |
19.00 |
0.00 |
0.00 |
| 1 |
Sports Fishing Activities |
550.00 |
550.00 |
0.00 |
0.00 |
550.00 |
0.00 |
0.00 |
| 2 |
Day Trip |
81.00 |
81.00 |
0.00 |
0.00 |
76.00 |
5.00 |
6.58 |
| 2 |
Diving |
79.11 |
79.11 |
0.00 |
0.00 |
79.11 |
0.00 |
0.00 |
| 3 |
Parasailing |
55.00 |
55.00 |
0.00 |
0.00 |
55.00 |
0.00 |
0.00 |
| MISCELLANEOUS |
| 1 |
Postcards |
0.46 |
0.50 |
-0.04 |
-7.50 |
0.50 |
-0.04 |
-7.50 |
| 2 |
Telephone Call (Average Call) |
0.98 |
0.98 |
0.00 |
0.00 |
0.98 |
0.00 |
0.00 |
| 3 |
Postage Stamp (Average Cost) |
0.46 |
0.46 |
0.00 |
0.00 |
0.46 |
0.00 |
0.00 |
| 4 |
Departure Tax |
20.00 |
20.00 |
0.00 |
0.00 |
20.00 |
0.00 |
0.00 |
| 5 |
Souvenirs Ornaments |
25.63 |
25.63 |
0.00 |
0.00 |
22.63 |
3.00 |
13.26 |
|
The