Import price index reflects the specific rate of import products in the certain country for the specified period of time. These data are calculated every month.
This economic indicator is the special inflation rate in a state. During the calculation of this index the domestic prices for goods and services from the market basket are compared with their weight in the share of the imported prices. Growth of this rate shows that this country is focused on the foreign market. If the volume of imported production decreases, then the focus is on the domestic development. In the practical trading it is necessary to note that the growth of the import volumes leads to the strengthening of the US dollar as the international currency.
The considered indicator is published in the middle of each month.