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6457.0 - International Trade Price Indexes, Australia, Jun 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 18/07/2008   
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11/09/2008 Note: The data cube, Table 17 - EXPORT PRICE INDEX: AHECC and ANZSIC contribution to all groups index, contains amended data for the June quarter 2008 to correct for processing errors. The series affected were 27, Metal Product manufacturing (27) and 28, Machinery and Equipment manufacturing (28) in SELECTED ANZSIC SUBDIVISIONS: Contribution to All groups index (index points). The data for these two series had been inadvertently swapped during production. The totals (All groups) figures were unaffected.

JUNE KEY FIGURES

Mar Qtr 08 to Jun Qtr 08
Jun Qtr 07 to Jun Qtr 08
% change
% change

Import Price Index all groups
1.4
3.5
Food and live animals
0.4
7.2
Beverages and tobacco
-0.3
2.8
Crude materials, inedible, except fuels
9.1
22.6
Mineral fuels, lubricants and related materials
15.9
50.5
Animal and vegetable oils, fats and waxes
8.6
39.7
Chemicals and related products, n.e.c.
2.0
1.2
Manufactured goods classified chiefly by material
0.1
-2.4
Machinery and transport equipment
-2.8
-7.9
Miscellaneous manufactured articles
-2.7
-6.7
Commodities and transactions, n.e.c.
-7.1
18.8
Export Price Index all groups
13.5
13.3
Food and live animals
8.1
28.9
Beverages and tobacco
-2.9
-13.5
Crude materials, inedible, except fuels
20.9
7.8
Mineral fuels, lubricants and related materials
35.0
48.2
Chemicals and related products, n.e.c.
5.3
-3.1
Manufactured goods classified chiefly by material
2.3
-14.4
Machinery and transport equipment
-2.5
-5.1
Miscellaneous manufactured articles
-2.9
-8.5

IMPORT PRICE INDEX: all groups, Quarterly % change
Graph: IMPORT PRICE INDEX: all groups, Quarterly % change

EXPORT PRICE INDEX: all groups, Quarterly % change
Graph: EXPORT PRICE INDEX: all groups, Quarterly % change


JUNE KEY POINTS


IMPORT PRICE INDEX
  • The Import Price Index increased by 1.4% in the June quarter 2008. The increase was mainly driven by rises in prices paid for petroleum, petroleum products and related materials (+15.9%), fertilisers (excluding crude) (+50.9%) and crude fertilisers and minerals (+112.7%). These rises were partly offset by falls in prices paid for office machines and automatic data processing machines (-7.3%) and gold, non-monetary (-7.1%). Through the year to June quarter 2008, the Import Price Index increased by 3.5%.


EXPORT PRICE INDEX
  • The Export Price Index increased by 13.5% in the June quarter 2008. This is the largest quarterly increase since the current index began in September quarter 1974. The increase was mainly driven by rises in prices paid for coal, coke and briquettes (+54.2%), metalliferous ores and metal scrap (+27.0%) and petroleum, petroleum products and related materials (+18.3%). These increases were partly offset by falls in prices received for gold, non-monetary (-7.0%) and textile fibres and their wastes (-4.9%). Through the year to June quarter 2008, the Export Price Index increased by 13.3%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2008 17 October 2008
December 2008 23 January 2009
March 2009 17 April 2009
June 2009 17 July 2009



CHANGES IN THIS ISSUE

There are no changes in this issue.


FORTHCOMING CHANGES

The ABS has recently completed a review of the International Trade Price Indexes to incorporate recent updates to the classifications of Australian import and export statistics. These changes will be introduced, in addition to the reweighting of these indexes that occurs annually, in the September quarter 2008 issue. There will also be changes to some of the labels in this publication.

For more information regarding the changes to the classifications of Australian import and export statistics refer to Information Paper: Changes to International Trade Statistics July 2008, 2007 to 2008 (cat. no. 5368.0.55.009).


ROUNDING

Any discrepancies between totals and sums of components in this publication are due to rounding.


DATA REFERENCES

Data referenced in the Key points are available from the tables shown in this publication, or in the corresponding tables of this publication on the ABS website <http://www.abs.gov.au>.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Lee Taylor on Canberra (02) 6252 6251.


SUMMARY COMMENTARY


COMMENTARY

Links to Other Sections

To access the "Price Indexes and Contract Price Indexation" data use this link

Price Indexes and Contract Price Indexation


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