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OMB Control No: 1220-0025	ICR Reference No: 202401-1220-006
Status: Received in OIRA	Previous ICR Reference No: 202111-1220-001
Agency/Subagency: DOL/BLS	Agency Tracking No:
Title: International Price Program U.S. Import and Export Price Indexes
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular	Date Submitted to OIRA: 03/28/2024

	Requested	Previously Approved
Expiration Date	36 Months From Approved	04/30/2025
Responses	19,510	36,765
Time Burden (Hours)	9,650	17,832
Cost Burden (Dollars)	0	0

ICR Summary of Burden

	Total Request	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	19,510	36,765	-17,255
Annual Time Burden (Hours)	9,650	17,832	-8,182
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The annual number of responses for FY 2025, FY 2026, and FY 2027 decreased for both exports and imports because proposed changes in the sample design will result in fewer initiation and repricing respondents. The IPP is currently developing methodology to replace directly collected price information with unit value indexes (for some homogenous product areas) with the targeted implementation scheduled for FY 2025. This strategy will allow for a reduction in IPP’s sampling universe as fewer companies will be needed to support the Import and Export Price Indexes; in fact, the Program expects to reduce the import and export universes (and therefore, sample sizes) by approximately 33% each.

Annual Cost to Federal Government: $24,000,000

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Courtney Lam 202 691-7113 lam.courtney@bls.gov