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CORE COMMODITY

Statistics Directorate    
Definition:
A good or service that is widely available throughout the world so that a substantial number of countries in each region can provide prices for these items.

Core commodities can serve as the basis for linking the countries of the world to obtain transitive parities at the basic heading level.

Source Publication:
Handbook of the International Comparison Programme, Studies in Methods, Series F, No. 62, United Nations Department of Economic and Social Development, Statistical Division, New York, 1992, Glossary.

Hyperlink:
http://unstats.un.org/unsd/methods/icp/ipco_htm.htm

Statistical Theme: Prices and purchasing power partities

Created on Thursday, February 06, 2003

Last updated on Monday, March 03, 2003