For-hire Motor Carrier Freight Services Price Index (FHMCFSPI)

Motor carrier freight services price of economy, index

Motor carrier freight Services price refers to the price of the local or long distance trucking of general freight services. These prices are combined and chained to form a price index.

Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.

The data for this variable are reported using the following measurements:

• Index using the value of a base year made equal to 100