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Import prices in industry

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Institute of Statistics, INSTAT

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Import Price Index (IPI) measures the performance of transaction prices of imported industrial products to be sold to the domestic market. All data under this heading are index data. Percentage changes are available (quarterly and annual). The index data are presented as quarterly and annual data. 

5 March 2025

Import Price Index measure changes in the prices of imports. Import is every product that was not produced in Albania but imported from a third country or supplied from another. The relative price is the simplest index of the price change in percentage of a product in two given time periods, one of which constitutes the base period.

Weights: The arithmetic weighing average of elementary indices of individual products will form the index. The index compares current year prices with the prices of December of the previous year (short-term - link) for the 6-digit level according to NACE Rev.2 is calculated by multiplying each item's weight at 6- digit level at the corresponding relative price and dividing their amount by the weight amount. The base period of the Index is the period for which the index is equal to 100. The price reference period is the period for which the price information for the calculation of the index is obtained. The weights reference period is the period to which the information on building the weights of the products is referred.

Observation units are enterprises according to their principal activity belong to the Standard Classification of Activities (CPA 2008), which supply or import products from foreign markets. The survey covers all the enterprises engaged in production activity, and also those engaged in trade activity. One of the conditions that must be fulfilled in order for an enterprise to be included in the survey is that it supplies the products on the Albanian market. The sources for selecting enterprises are the Annual Survey on Industrial Production and Custom Data.

The statistical populations for Import Price Index are all active enterprises that according to Statistical Business Register are operating in the sections: B, C, D, E. according to NACE Rev.2.

The Import Price Index data covers all territory of Albania.

The reference period of Import Price Index survey is monthly but published quarterly. This report is for the reference year 2024.

The accuracy of Import Price Index is generally considered to be high. There is methodological accuracy in regards of weights and prices and calculations according to European Regulations.

The unit of measure are:

  • Index
  • Annual percentage change
  • Quarterly percentage change.

National level:

First step is collecting information from the interviewers. The purpose is to bring this information to the statistic level. This process follows:

  • Physical control of questionnaires
  • Logical control of questionnaires (control of logical marked of responses indicators, description and codification of activity, and control of accurate values.)
  • Editing process of data collected (errors and modification)
  • Non response units and the missing information need to be completed through the imputation process
  • Analysis of results under each domain of publication.

The sources for selecting enterprises are the Annual Survey on Industrial Production and Custom Data.

The frequency of data dissemination is quarterly and yearly.

Results of Import Price Index are published on INSTAT website 64 days after the end of the reference period (T+ 64 days). The reference period of these results is December 31st, 2024.

Reference period

31December 2024

Date of publication

5 March 2025

Timeliness

64

All the territory of the country was considered and included in Import Price Index sample. INSTAT uses methodological aspects that are based on concepts, definitions and guidelines of European Parliament and Council Regulation concerning of STS. Therefore, Import Price Index produced could be comparable with other countries.

Import Price Index statistics are provided quarterly and annually and are comparable between them. Time series for Import Price Index exists from the reference year 2012 (2020=100) currently 2021=100, providing a comparability of 13 years (CC2=Jlast-Jfirst+1=13).

The data are constantly checked to ensure their comparability over time.