IMPACT OF THE FLOODS AND CYCLONE YASI
Extensive flooding began in late December 2010 in Queensland, and intensified in both Queensland and other states in January 2011. In early February 2011, Severe Tropical Cyclone Yasi crossed the north Queensland coast. Gale force winds, flooding rain and storm surges caused significant damage to areas in the storm's path.
The collection and processing of producer price index data included in this publication were not disrupted by the floods and cyclone.
On a quarter to quarter basis producer input and output prices can be impacted by a number of factors including supply constraints, market competition, business confidence and seasonal patterns. The impact of events like the Queensland floods and Cyclone Yasi cannot be readily quantified.
ABS price index compilation methodologies and quality assurance processes have ensured that any impact of the floods and cyclone on producer prices has been reflected in the data included in this publication.