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6457.0 - International Trade Price Indexes, Australia, Sep 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 01/11/2012   
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From the September quarter 2012, all index numbers are calculated on a new index reference period of 2011-12 = 100.0. Period-to-period percentage changes may differ slightly to those previously published due to rounding and the re-referencing. These differences do not constitute a revision. Conversion factors are available electronically, as data cubes, on the 'downloads' tab of this product.


SEPTEMBER KEY FIGURES

Jun Qtr 12 to Sep Qtr 12
Sep Qtr 11 to Sep Qtr 12
% change
% change

Import Price Index all groups
-2.4
1.2
Food and live animals
-1.9
1.9
Beverages and tobacco
-4.6
-4.3
Crude materials, inedible, except fuels
-3.7
-5.3
Mineral fuels, lubricants and related materials
-9.1
0.8
Animal and vegetable oils, fats and waxes
-4.6
-13.3
Chemicals and related products, n.e.s.
-1.7
-0.1
Manufactured goods classified chiefly by material
-1.3
0.4
Machinery and transport equipment
-0.8
1.0
Miscellaneous manufactured articles
-0.9
4.2
Commodities and transactions, n.e.s.
-0.3
-1.5
Export Price Index all groups
-6.4
-13.4
Food and live animals
-0.3
-5.0
Beverages and tobacco
4.7
4.9
Crude materials, inedible, except fuels
-11.7
-23.0
Mineral fuels, lubricants and related materials
-5.8
-12.0
Animal and vegetable oils, fats and waxes
-4.9
-11.4
Chemicals and related products, n.e.s.
0.2
5.2
Manufactured goods classified chiefly by material
-4.4
-13.5
Machinery and transport equipment
-1.9
1.6
Miscellaneous manufactured articles
-2.7
-4.7
Commodities and transactions, n.e.s.
-0.3
-3.8


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




SEPTEMBER KEY POINTS


IMPORT PRICE INDEX
  • The Import Price Index fell 2.4% in the September quarter 2012. Through the year to the September quarter 2012, the Import Price Index rose 1.2%.


EXPORT PRICE INDEX
  • The Export Price Index fell 6.4% in the September quarter 2012. Through the year to the September quarter 2012, the Export Price Index fell 13.4%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2012 31 January 2013
March 2013 2 May 2013
June 2013 1 August 2013
September 2013 31 October 2013



REVIEW OF THE PRODUCER AND INTERNATIONAL TRADE PRICE INDEXES

The ABS published the outcomes from a major review of the Producer and International Trade Price Indexes on 6 March 2012. More information on the review can be found in Information Paper: Outcome of the Review of the Producer and International Trade Price Indexes, 2012 (cat. no. 6427.0.55.004).

Details relating to the implementation of the outcomes of the review can be found in Information Paper: Implementation of the Review of the Producer and International Trade Price Indexes, 2012 (cat. no. 6427.0.55.005), released on 28 September 2012.


CHANGES IN THIS ISSUES

Both the Import Price Index and the Export Price Index data have been reweighted for the September quarter 2012. This is in line with the ABS policy of reweighting these indexes annually for the September quarter, as explained in paragraphs 8-10 of the Explanatory Notes. The new weighting patterns are provided in Appendix 1 of this issue. As a consequence of the annual reweighting, the points contribution data for the June quarter 2012 shown in Tables 2, 8 and 17 differ from that published in the previous issue of this publication.

From the September quarter 2012, all index numbers are calculated on a new index reference period of 2011-12 = 100.0. Period-to-period percentage changes may differ slightly to those previously published due to rounding and the re-referencing. These differences do not constitute a revision. Re-referencing conversion factors are available from the ABS website in Table 20 of the 'Downloads' tab of this issue. Further information on re-referencing can be found in Appendix 2 of this issue and in Chapter 12 of Producer and International Trade Price Indexes: Concepts, Sources and Methods, 2006 (cat. no. 6429.0).


ROUNDING

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


DATA REFERENCES

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>.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.


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