6457.0 - International Trade Price Indexes, Australia, Jun 2011 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 22/07/2011   
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COMMENTARY


IMPORT PRICE INDEX

The Import Price Index increased by 0.8% in the June quarter 2011. This increase was driven mainly by rises in the prices paid for petroleum, petroleum products and related materials (+11.9%), gold, non–monetary (excluding gold, ores and concentrates) (+3.3%) and inorganic chemicals (+21.4%). Partly offsetting these rises were falls in the prices paid for office machines and automatic data–processing machines (-5.7%) and telecommunications and sound–recording and reproducing apparatus and equipment (–3.9%).

Through the year to June quarter 2011, the Import Price Index decreased by 1.0%. This decrease was driven mainly by falls in the prices paid for telecommunications and sound-recording and reproducing apparatus and equipment (–13.6%), office machines and automatic data–processing machines (–16.0%) and general industrial machinery and equipment, n.e.s., and machine parts, n.e.s. (–7.2%). Partly offsetting these through the year falls were rises in the prices paid for petroleum products and related materials (+25.5%), gold, non–monetary (excluding gold, ores and concentrates) (+5.5%) and inorganic chemicals (+40.6%).


EXPORT PRICE INDEX

The Export Price Index increased by 6.0% in the June quarter 2011. This increase was driven mainly by rises in the prices received for coal, coke and briquettes (+14.9%), metalliferous ores and metal scrap (+8.5%) and textile fibres and their wastes (+19.0%). Partly offsetting these rises were falls in the prices received for non–ferrous metals (–3.5%).

Through the year to June quarter 2011, the Export Price Index increased by 10.5%. This increase was driven mainly by rises in the prices received for metalliferous ores and metal scrap (+14.9%), coal, coke and briquettes (+17.5%), petroleum, petroleum products and related materials (+19.5%), cereals and cereal preparations (+21.3%) and textile fibres and their wastes (+40.2%). Partly offsetting these through the year rises were falls in the prices received for power generating, general industrial and other specialised machinery and equipment (–7.5%), professional, scientific and controlling instruments and apparatus, n.e.s. (–20.8%), road vehicles (incl. air–cushion vehicles) (–9.7%). and beverages (–11.9%).