6457.0 - International Trade Price Indexes, Australia, Jun 2013 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/08/2013   
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COMMENTARY


IMPORT PRICE INDEX

The Import Price Index fell 0.3% in the June quarter 2013. This decrease was driven mainly by falls in the prices paid for petroleum, petroleum products and related materials (-5.3%), gold, non-monetary (excluding gold ores and concentrates) (-9.5%) and road vehicles (including air cushion vehicles) (-1.1%). These decreases were partly offset by rises in the prices paid for miscellaneous manufactured articles, n.e.s. (+3.3%) and organic chemicals (+7.5%).

Through the year to the June quarter 2013, the Import Price Index fell 2.4%. This decrease was driven mainly by falls in the prices paid for petroleum, petroleum products and related materials (-9.1%), machinery specialised for particular industries (-6.5%) and gold, non-monetary (excluding gold ores and concentrates) (-10.4%). Partly offsetting these through the year falls were rises in the prices paid for miscellaneous manufactured articles, n.e.s. (+1.9%) professional, scientific and controlling instruments and apparatus, n.e.s. (+3.3%), and general industrial machinery and equipment, n.e.s., and machine parts, n.e.s. (+1.3%).


EXPORT PRICE INDEX

The Export Price Index fell 0.3% in the June quarter 2013. This decrease was driven mainly by falls in the prices received for gold, non-monetary (excluding gold, ores and concentrates) (-9.5%), coal, coke and briquettes (-2.5%), non-ferrous metals (-4.3%), and petroleum, petroleum products and related materials (-4.3%). These decreases were partly offset by rises in the prices received for gas, natural and manufactured (+14.6%).

Through the year to the June quarter 2013, the Export Price Index fell 6.4%. This decrease was driven mainly by falls in the prices received for coal, coke and briquettes (-22.4%), metalliferous ores and metal scrap (-4.9%), gold, non-monetary (excluding gold, ores and concentrates) (-10.1%), petroleum, petroleum products and related materials (-9.0%), textile fibres and their wastes (-10.9%), and sugars, sugar preparations and honey (-18.3%). Partly offsetting these through the year falls were rises in the prices received for cereals and cereal preparations (+8.8%), and gas, natural and manufactured (+2.2%).