MXP Methodology


Bureau of Labor Statistics Handbook of Methods Chapter 15 (PDF)

The BLS Handbook of Methods presents detailed explanations of how the Bureau of Labor Statistics (BLS) obtains and prepares the economic data it publishes. BLS statistics are used for many purposes, and sometimes data well suited to one purpose may have limitations for another. This publication aims to provide users of BLS data with the most current information necessary to evaluate the suitability of the statistics for their needs. Information including MXP program description, core concepts, data sources, sample design, index calculation, publication and history are located in Chapter 15 of the BLS Handbook of Methods

Additional information is available in the Addendum and Technical Note.



Explanation of Import and Export Price Index Series Codes

The series codes for the following classification systems are shown below.

Classification System

Series Code

BEA End Use

Import

R

Export

Q

NAICS

Import

Z

Export

Y

Harmonized

Import

P

Export

D

Services

Import

V

Export

H

Inbound

C

Outbound

S

Country

Series Code Prefix

Industrialized Countries

EIUCOINDUS

Other Countries

EIUCOOTHER

Canada

EIUCOCAN

European Union

EIUCOEEC

France

EIUCOFRN

Germany

EIUCOGER

United Kingdom

EIUCOUK

Latin America

EIUCOLAT

Mexico

EIUCOMEX

Pacific Rim

EIUCOPRIM

China

EIUCOCHN

Japan

EIUCOJPN

Asian Newly Industrialized Countries

EIUCOOAS

Association of Southeast Asian States

EIUCOASEAN

Asia Near East

EIUCOASNRE


Comparing MXP to other BLS Price and Spending Programs:

(Click here to view the OPLC Program Comparison Table)

This table describes the main characteristics of the price and spending measures produced by BLS: the Consumer Price Index (CPI), Producer Price Index (PPI), Import and Export Price Indexes(MXP), and the Consumer Expenditure Survey (CE). This table is intended to provide users a basic understanding of what the surveys measure and the primary uses of the measures.



Variance Statistcs

In order to help users assess the precision of the U.S. import and export price index series, BLS is now providing variance estimates for these figures. Currently, the data are only calculated for the all-import and all-export series. In the future, however, the published variance estimates will also be made available at a more detailed level.


Reports:

  • Variance Estimates for Changes in the Import and Export Price Indexes, January–December 2016 (PDF)
  • Variance Estimates for Changes in the Import and Export Price Indexes, January–December 2015 (PDF)
  • Variance Estimates for Changes in the Import and Export Price Indexes, January–December 2014 (PDF)
  • Variance Estimates for Changes in the Import and Export Price Indexes, January–December 2013 (PDF)
  • Variance Estimates for Changes in the Import and Export Price Indexes, January–December 2012 (PDF)
  • Variance Estimates for Changes in the Import and Export Price Indexes, January–December 2011 (PDF)

How MXP Measures Price Changes for Select Goods and Services:


Methodology Reports

  • The Pharmaceutical Industry: An Overview of CPI, PPI, and IPP Methodology (2011) (PDF)

Supplemental Materials

  • Overview Pamphlet (PDF)
  • Contract Escalation Pamphlet (PDF)

 

Last Modified Date: September 22, 2017