The price data collected by the
International Price Program (IPP) is used to produce indexes which
measure, on a monthly basis, changes in transaction prices of goods
and services exported from or imported into the U.S. This published
data is in turn used to deflate import and export trade statistics,
deflate the foreign trade component of the GDP, determine monetary
and fiscal policy, negotiate trade agreements, and determine trade
and commercial policy. The respondents are establishments
conducting import/export trade and receive no compensation for
their participation. The IPP survey is a voluntary survey.
US Code:
29
USC 1&2 Name of Law: BLS Authorizing Statute
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.