The article explores how changes in exchange rates affect import prices in 27 OECD countries. By using advanced panel data techniques, the researchers found that the long-term impact of exchange rate changes on import prices is limited, with an elasticity not exceeding 0.70%. Different countries show varying levels of exchange rate pass-through, ranging from 0.23% in France to 0.98% in Poland. The study also reveals that countries with higher inflation and exchange rate volatility tend to experience a higher degree of pass-through.