6427.0.55.005 - Implementation of the Review of the Producer and International Trade Price Indexes , 2012
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 28/09/2012 First Issue
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6.1 The Australian Bureau of Statistics (ABS) will fully incorporate the use of the Export Price Index (EPI) and the Import Price Index (IPI) (i.e. the International Trade Price Indexes (ITPIs)) in the compilation of the Australian National Accounts and the Balance of Payments chain volume measures. The ITPIs will continue to be aggregated using weights aligned with International Merchandise Trade concepts.
6.2 An updated Producer and International Trade Price Indexes Concepts, Sources and Methods publication will be released.
6.3 A new computer system is expected to be implemented in mid 2014, supporting the release of the September quarter 2014 indexes that includes: planned revisions to the PPIs and the ITPIs; and non–market price indexes.
6.4 The ABS will broaden the scope of the ITPIs to include International Trade in Services. The ITPIs will be aggregated using weights aligned with Balance of Payments and International Investment Position Manual, sixth edition (BPM6) concepts. This will allow the publication of International Trade in goods and services price indexes.