This information paper presents the implementation of the outcomes from the review of the Australian Producer Price Indexes (PPIs) and International Trade Price Indexes (ITPIs) undertaken by the Australian Bureau of Statistics (ABS).
A major review of the Producer and International Trade Price Indexes was conducted at the end of 2011 where submissions were sought from the public on the issues presented in the Information Paper: Review of the Producer and International Trade Price Indexes, 2011 (cat. no. 6427.0.55.003). The outcome of the review of the Producer Price Indexes and International Trade Price Indexes was set out in the Information Paper: Outcome of the Review of the Producer and International Trade Price Indexes, 2012 (cat. no. 6427.0.55.004), released on 6 March 2012.
The decisions about changing any aspect of the Producer and International Trade Price Indexes were made following careful consideration. The decisions which have been made represent an on-balance view of the type of indexes required to improve the quality of macroeconomic statistics, now and into the next decade.
This information paper outlines the changes to the PPIs and ITPIs for the September quarter 2012 and details the changes to be implemented in future quarters. Details of the weighting patterns for the PPIs that will be adopted can be found in theInformation Paper: Producer Price Indexes Weighting Patterns, 2012 (cat. no. 6427.0.55.006).
A mock-up of the revised format of the September quarter 2012 issue of the Producer Price indexes, Australia (cat. no. 6427.0) for release on 2 November 2012, is reproduced in Appendix 3 (available to download on the ABS website).
A detailed description of the PPIs concepts and the methodology underlying the PPIs can be found in the Information Paper: Producer and International Trade Price indexes: Concepts, Sources and Methods, 2006 (cat. no. 6429.0). This will be updated in early 2013 to reflect changes made as a result of the Review of the Producer and International Price indexes.
Readers wishing to obtain further information about the matters covered in this information paper should contact:
Mr Michael Morgan
Producer Price Indexes Section
Australian Bureau of Statistics
PO Box 10
BELCONNEN ACT 2616
Telephone: (02) 6252 5121