Merchandise that is made in a foreign country and sold domestically.
Import price index is a measure of the average prices of the goods that a country imports. The headline is the percentage change in the index from the previous month or year.Changes in this figure represent either a changing foreign demand or a change in prices of foreign goods. Significant changes in foreign goods prices might affect inflation. Increasing index causes higher retail prices in the country. Import price index is an indicator of the economy s total supply of goods an services.