The International Price Index measures prices of imported goods entering a country and plays a significant role in analyzing global trade and economic stability.
International Price Index is an index that measures prices of imported goods as they enter a country. It is used to track the price movements of goods and services that are traded internationally, reflecting changes in global trade.
The International Price Index helps in understanding how prices of imported goods impact the economy and inflation rates. By analyzing this index, policymakers and economists can make informed decisions regarding trade policies and economic stability.
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