importprice
Import Price is an economic indicator that measures the average cost of imported goods and services in a specific country or region over a defined period. It provides insight into the international prices paid by domestic consumers and businesses for foreign products, reflecting changes in global market conditions, currency exchange rates, and trade policies.
The import price index is calculated by comparing the current period’s import prices to a base period,
Import prices are influenced by various factors, including international commodity prices, supply chain dynamics, tariffs, and
In economic analysis, import prices are closely related to the terms of trade—the ratio between export prices
Statistical agencies and economic research organizations publish regular reports on import prices, providing data used for