International Price Program U.S. Import and Export Price Indexes
Revision of a currently approved collection
No
Regular
Approved with change
04/13/2022
02/02/2022
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
04/30/2025
36 Months From Approved
05/31/2022
36,765
0
43,075
17,832
0
20,674
0
0
0
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
The total number of annual responses decreased because there are fewer respondents available for repricing due to a smaller sample size in previous years; a budget-induced reduction in staff available to conduct initiation necessitated a smaller sample size for the IPP survey.
The average number of items in repricing (per reporter) decreased for export reporters and increased for import reporters. The average hours of response time (per repricing request) decreased for export reporters and increased for import reporters. Overall, annual time burden decreased due to a drop in the number of respondents in repricing.
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.