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Export and Import Price Indices for 4th Quarter 2023

Export Price Index fell by 1.3% from 156.7 in the third quarter of 2023 to 154.6 in the fourth quarter, mainly due to decreases in the prices of “Miscellaneous manufactured articles » (-2.5%).

Import Price Index ecreased by 8.5% from 172.2 in the third quarter of 2023 to 157.5 in the fourth quarter. That was mainly the effect of decreases in the prices of “Mineral fuels, lubricants and related materials » (-14.5%) and “Food and live animals » (-5.4%).

The terms of trade index, i.e., the ratio of EPI to IPI, increased by 7.2 points (+7.9%) from 91.0 in the third quarter of 2023 to 98.2 in the fourth quarter. Compared to 84.6 in the corresponding quarter of 2022, the terms of trade increased by 13.6 points (+16.1%).

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