MLchartDataset catalogue

Unit value index

Term · Economic statistics · MLC-T-ECS-002026

An index of quantity-weighted average prices using shipping, customs, or scanner data used to calculate price indexes for products that are interchangeable or similar.

Note: Unit value indexes divide trade dollar values by trade volumes to calculate the average price.

Table 1. Record
IdentifierMLC-T-ECS-002026
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON 
{
  "id": "MLC-T-ECS-002026",
  "term": "Unit value index",
  "field": "Economic statistics",
  "definition": "An index of quantity-weighted average prices using shipping, customs, or scanner data used to calculate price indexes for products that are interchangeable or similar.\n\nNote: Unit value indexes divide trade dollar values by trade volumes to calculate the average price.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/unit-value-index/"
}

Record 2,026 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.