The Export Price Index for Industrial Products (IPRIX) is a short-term indicator that measures the monthly performance of the prices of those industrial products manufactured in the domestic market and sold in the foreign market.
In turn, the Import Price index for Industrial Products (IPRIM) is a short-term indicator that measures the monthly performance of the prices of those industrial products from the rest of the world.
In order to obtain these indices, a monthly, continuous survey is conducted, each month, researching industrial establishments that carry out operations in the foreign market (approximately 3,600 for the IPRIX and 4.600 for the IPRIM).
As of January 2013, the methodology for the IPRIX and the IPRIM has been renewed completed. The methodological changes introduced in the IPRIX and the IPRIM, base 2010, have turned them into more dynamic indicators that better adapt to changes in the industrial sector, as the weightings will be updated annually, and it will be possible to include new products and/or establishments in the basket at the time when their activity begins to gain significance.