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Beginning in April 1992, the Bureau of Labor Statistics began separate publication of import price indexes for selected countries and regions that are important trading partners. This article explores...
International price comparisons based on purchasing power parity
International price comparisons purchasing power parity
2009/4/15
Because exchange rate movements, in general, tend to be more volatile than changes in national price levels, the purchasing power parity approach provides the proper basis for comparing living standa...