6457.0 - International Trade Price Indexes, Australia, Jun 2018 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 26/07/2018   
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JUNE KEY FIGURES

Mar Qtr 18 to Jun Qtr 18
Jun Qtr 17 to Jun Qtr 18
% change
% change

Import Price Index all groups
3.2
6.0
Food and live animals
2.4
0.7
Beverages and tobacco
-2.3
-1.4
Crude materials, inedible, except fuels
-2.0
14.9
Mineral fuels, lubricants and related materials
14.0
39.4
Animal and vegetable oils, fats and waxes
0.0
-0.3
Chemicals and related products, n.e.s.
1.7
3.5
Manufactured goods classified chiefly by material
2.1
4.0
Machinery and transport equipment
1.3
0.6
Miscellaneous manufactured articles
1.5
0.9
Commodities and transactions, n.e.s.
1.9
2.9
Export Price Index all groups
1.9
6.6
Food and live animals
2.8
1.4
Beverages and tobacco
0.7
11.2
Crude materials, inedible, except fuels
-1.1
3.9
Mineral fuels, lubricants and related materials
4.4
13.7
Animal and vegetable oils, fats and waxes
3.0
-12.3
Chemicals and related products, n.e.s.
6.5
12.4
Manufactured goods classified chiefly by material
3.3
16.9
Machinery and transport equipment
0.4
-4.1
Miscellaneous manufactured articles
2.6
-1.2
Commodities and transactions, n.e.s.
1.5
2.9

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 rose 3.2% in the June quarter 2018. This follows a rise in the March quarter 2018 of 2.0%.
  • The rise was driven by higher prices paid for Petroleum, petroleum products and related materials (+13.7%), General industrial machinery (+3.3%), and Electrical machinery, apparatus and appliances (+1.7%).
  • Through the year to the June quarter 2018, the Import Price Index rose 6.0%, driven by Petroleum, petroleum products and related materials (+38.2%), and Inorganic chemicals (+40.8%).


EXPORT PRICE INDEX
  • The Export Price Index rose 1.9% in the June quarter 2018. This follows a rise in the March quarter 2018 of 4.9%.
  • The rise was driven by higher prices received for Gas, natural and manufactured (+10.8%), Petroleum, petroleum products and related materials (+8.5%), Cereals and cereal preparations (+6.9%), Meat and meat preparations (+3.8%), and Coal, coke and briquettes (+0.9%).
  • Through the year to the June quarter 2018, the Export Price Index rose 6.6%, driven by Coal, coke and briquettes (+8.5%), Gas, natural and manufactured (+18.8%), and Petroleum, petroleum products and related materials (+34.2%).


EXCHANGE RATE
  • The depreciation of the Australian dollar against the United States dollar had an upward effect on import and export prices in the June quarter 2018.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2018 1 November 2018
December 2018 31 January 2019
March 2019 26 April 2019
June 2019 1 August 2019


REVISIONS TO THE IMPORT PRICE INDEX

This June quarter issue of the International Trade Price Indexes, Australia (cat. no. 6457.0) includes revisions to the Import Price Index (IPI) for the December quarter 2017 and March quarter 2018.

The revisions are a result of receiving updated information from survey respondents used to compile the IPI for Telecommunications and sound-recording and reproducing apparatus and equipment. The revision to the IPI may also result in revisions to the estimates of telecommunications equipment volumes published in the Balance of Payments and International Investment Position, Australia, June 2018 (cat. no. 5302.0) to be released on 4 September 2018, as well as volumes published in the Australian National Accounts: National Income, Expenditure and Product, June 2018 (cat. no. 5206.0) which will be released on 5 September 2018.

The most significant revisions affect the following SITC series in the IPI:
  • All groups;
  • 7 Machinery and transport equipment;
  • 76 Telecommunications and sound-recording and reproducing apparatus and equipment.

These series and other related series are annotated in the time series spreadsheets and data cubes.


ROUNDING

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


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INQUIRIES

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