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Labor Dept. Reviewing Collection of Import and Export Price Data

Friday, October 09, 2015
Sandler, Travis & Rosenberg Trade Report

The Department of Labor is soliciting comments through Nov. 9 on the proposed extension without change of an information collection entitled “International Price Program U.S. Import and Export Price Indexes.” Price data collected by the International Price Program are used to produce indexes that measure, on a monthly basis, changes in transaction prices of goods and services exported from or imported into the U.S. Published data, in turn, are used to deflate import and export trade statistics, deflate the foreign trade component of the gross domestic product, determine monetary and fiscal policy, negotiate trade agreements, and determine trade and commercial policy. Respondents are establishments conducting import/export trade.

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