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Article

World economy in transition: Inflation and related variables

Author(s):
International Monetary Fund. External Relations Dept.
Published Date:
September 1983
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Annual per cent change

Source: IMF Data Fund.

Notes:

Non-oil developing countries: As listed in International Financial Statistics.

Oil exporting countries: Comprise Algeria, Indonesia, Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Oman, Qatar, Saudi Arabia, United Arab Emirates, and Venezuela.

Major industrial countries: Canada, France, Federal Republic of Germany, Italy, Japan, the United Kingdom, and the United States.

Import unit value represents the weighted arithmetic average of country indexes. The weights used are the U.S. dollar values of imports in 1980.

The commodity prices, compiled by the Fund’s Research Department (Commodities Division), cover 30 commodities (excluding oil) exported by non-oil developing countries as shown in International Financial Statistics. The weights used in the index are derived from the average export earnings of 98 non-oil developing countries during 1968-70).

Data on wages are generally for the industrial sector but include nonindustrial wages for some countries.

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