Import and Export Prices
Definition of 'Import and Export Prices'
The U.S. Import and Export Price Indexes measure average changes in prices of goods and services that are imported or exported. The indexes are produced monthly by the International Price Program (IPP) of the BLS. The Import and Export Price Indexes have been published monthly since 1989. Prior to this, the indexes were produced on a quarterly basis beginning in 1974.
The target universe of the import and export price indexes consist of all goods and services sold by U.S. residents to foreign buyers (exports) and purchased from abroad by U.S. residents (imports).
Items such as works of art are difficult to obtain consistent core comparable products over time and so these are excluded. Open market military goods are included but exclusive military goods (i.e. not free market military goods) are excluded.
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