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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JUNE KEY POINTS
IMPORT PRICE INDEX
EXPORT PRICE INDEX
CHANGES IN THIS ISSUE
This issue incorporates minor corrections to several Import Price Index all groups values for the June quarter 2010, which were wrong in the December quarter 2010 and March quarter 2011 releases. These corrections now restore the affected index number and percentage changes to the values as previously published in the September quarter 2010 release.
Additional series have been added to tables 2 and 8. These series were previously only available on the ABS website.
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 import and export price data included in this publication were not disrupted by the floods and cyclone.
On a quarter to quarter basis the prices of imported and exported goods can be impacted by a number of factors including exchange rates, international markets, supply constraints, 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 import and export prices has been reflected in the data included in this publication.
Any discrepancies between totals and sums of components are due to rounding.
Data referenced in the Key Points and Commentary 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>.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.
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