engleski

Unit Value Indices in National Accounts

In many countries unit value indices are used as a proxy to pure price or survey-based price indices. They are used as short-term indicators of inflation transmission, to measure changes in a country's terms of trade, to analyse the effect of exchange rates on import and export prices and as deflators for national accounts. Given that unit value indices are widely used it is important that compilers and users are fully aware of their properties, so that strategic decision to move to hybrid or establishment-based indices can be appropriately made.

unit value index; bias; national accounts

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