The Export and Import Price Indices (XMPI) are measures of price changes of goods imported into or exported outside the country. The XMPI are used to analyse Terms of Trade (ToT) which is the ratio of Export Price Index (XPI) to the Import Price Index (MPI).
The overall export price index during the fourth quarter of 2018 increased slightly by 0.7 percent to 103.6 compared to 102.9 recorded in the previous period. The rise was mainly explained by the increase in prices of Natural/cultured pearls, prec stones & metals, glass and glassware. When compared to the corresponding quarter of 2017 the export price index increased by 3.6 percent.
The overall Import Price Index for the fourth quarter of 2018 increased marginally by 0.2 percent to 102.4 compared to the 102.2 percent of the third quarter Likewise, when compared to the same quarter of 2017 the index increased by 2.4 percent