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6457.0 - International Trade Price Indexes, Australia, Sep 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 17/10/2003   
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KEY FIGURES



% change Jun Qtr 2003 to Sep Qtr 2003
% change Sep Qtr 2002 to Sep Qtr 2003

Import Price Index all groups
-3.4
-9.7
Food and live animals
-3.7
-3.9
Beverages and tobacco
-3.2
-3.6
Crude materials
-3.0
-5.1
Mineral fuels, etc.
-4.5
-5.3
Animal and vegetable oils, etc.
-3.4
-2.5
Chemicals and related products
-2.1
-6.1
Manufactured goods by material
-2.9
-7.2
Machinery and transport equipment
-3.7
-12.5
Miscellaneous manufactured articles
-3.7
-11.9
Commodities and transactions n.e.s.
0.3
-3.4
Export Price Index all groups
-2.8
-9.5
Food and live animals
-2.7
-9.7
Beverages and tobacco
-10.0
-13.7
Crude materials
-3.0
-6.2
Mineral fuels, etc.
-4.7
-13.0
Chemicals and related products
-0.8
-12.0
Manufactured goods by material
-1.6
-7.9
Machinery and transport equipment
Miscellanous manufactured articles
-1.9
-2.1
-9.2
-13.3


Graph: Import price index: all groups - quarterly percentage change
Graph: Export price index: all groups - Quarterly percentage change

KEY POINTS


IMPORT PRICE INDEX
  • The Import Price Index fell by 3.4 % in the September quarter. The decrease was predominantly driven by the significant appreciation of the Australian dollar against all major currencies. Falls were registered for prices of most commodities, with crude petroleum, computing and telecommunication equipment, and machinery and transport equipment being the major contributors. Small offsetting price increases were observed for a few commodities, with refined petroleum products being the only significant ones.

EXPORT PRICE INDEX
  • The Export Price Index fell by 2.8 % in the September quarter. The decrease was predominantly driven by the significant appreciation of the Australian dollar against all major currencies. Falls were registered for the majority of commodities. In particular, falls were observed for prices of wool, coal, and crude petroleum products. Small offsetting price increases were registered for a few commodities, with fresh beef being the most significant.



NOTES


CHANGES IN THIS ISSUE

Both the Import Price Index and the Export Price Index have been reweighted in the September quarter 2003. This is in line with the ABS' policy of reweighting these indexes annually in the September quarter, as explained in paragraphs 8-10 of the Explanatory Notes. The new weighting patterns are provided in an Appendix to this issue.
As a consequence of this annual reweighting, points contribution data for June quarter 2003 shown in Tables 2, 8 and 17 differ from those published in the previous issue of this publication.


IMPORTANT NOTE

All tables for this product can be accessed through International Trade Price Indexes, Australia (cat. no. 6457.0) for a small charge. A concordance between table numbers from the former publications: Export Price Index, Australia (cat. no. 6405.0) and Import Price Index, Australia (cat. no. 6414.0) and this publication is also available from the International Trade Price Indexes, Australia (cat. no. 6457.0) : Concordance.

If you have any difficulty accessing data, please contact Steve Whennan on (02) 6252 6251.


RELATED STATISTICS

For more information about statistics in this publication and about other 'ABS data available on request', contact the National Information and Referral Service on 1300 135 070 or Steve Whennan on Canberra (02) 6252 6251, or email steve.whennan@abs.gov.au.


ABBREVIATIONS

ABSAustralian Bureau of Statistics
ADP
AHECC
ANZSIC
Automatic Data Processing
Australian Harmonised Export Commodity Classification
Australian and New Zealand Standard Industrial Classification
BECClassification by Broad Economic Category
c.i.f.cost, insurance and freight
f.o.b.free on board
HTISCHarmonised Tariff Item Statistical Classification
n.e.c.not elsewhere classified
n.e.s.not elsewhere specified
SITCStandard International Trade Classification

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