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6427.0 - Producer Price Indexes, Australia, Jun 2012  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 23/07/2012   
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From the September quarter 2012, all index numbers will be calculated on a new index reference period of 2011-12. This will result in the index numbers for each index series being reset to 100.0 for the financial year 2011-12. 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.

JUNE KEY FIGURES

Mar Qtr 12 to Jun Qtr 12
Jun Qtr 11 to Jun Qtr 12
STAGE OF PRODUCTION
% change
% change

Final (Stage 3) commodities (excl. exports)
0.5
1.1
Domestic
0.3
0.9
Imports
1.9
2.7
Intermediate (Stage 2) commodities
0.7
1.4
Domestic
0.4
1.2
Imports
3.1
3.7
Preliminary (Stage 1) commodities
0.9
1.4
Domestic
0.5
1.1
Imports
3.8
3.7


Final Stage, Base 1998-99 = 100.0
Graph: Final Stage, Base 1998–99 = 100.0

Final Stage, Quarterly % change
Graph: Final Stage, Quarterly % change




JUNE KEY POINTS


FINAL (STAGE 3) COMMODITIES
  • rose 0.5% in the June quarter 2012.
  • mainly due to rises in the prices received for other agriculture (+10.9%), petroleum refining (+4.3%) and other manufacturing (+2.4%).
  • partly offset by falls in the prices received for commercial fishing (-12.2%) and accommodation (-5.6%).
  • rose 1.1% through the year to the June quarter 2012.


INTERMEDIATE (STAGE 2) COMMODITIES
  • rose 0.7% in the June quarter 2012.
  • mainly due to rises in the prices received for electricity, gas and water supply (+4.9%), oil and gas extraction (+2.6%) and petroleum refining (+2.4%).
  • partly offset by falls in the prices received for commercial fishing (-17.5%) and basic non-ferrous metal manufacturing (-2.5%).
  • rose 1.4% through the year to the June quarter 2012.


PRELIMINARY (STAGE 1) COMMODITIES
  • rose 0.9% in the June quarter 2012.
  • mainly due to rises in the prices received for electricity, gas and water supply (+4.2%), oil and gas extraction (+2.6%) and basic chemical manufacturing (+4.4%).
  • partly offset by falls in the prices received for grain, sheep, beef and dairy cattle farming (-2.5%) and basic non-ferrous metal manufacturing (-2.5%).
  • rose 1.4% through the year to the June quarter 2012.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2012 2 November 2012
December 2012 1 February 2013
March 2013 3 May 2013
June 2013 2 August 2013



CHANGES IN THIS ISSUE

This issue includes an Appendix outlining the implementation of the Australian and New Zealand Standard Industrial Classification, 2006 edition (ANZSIC 2006) for the Stage of Production (SOP) indexes. The implementation of the ANZSIC 2006 for the SOP indexes is one of a number of outcomes from a Review of the Producer and International Trade Price Indexes, published by the ABS on 6 March 2012 (see below). The Appendix contains correspondences between the old (ANZSIC 1993) and new (ANZSIC 2006) SOP series currently released in Producer Price Indexes, Australia (cat. no. 6427.0), as well as details of the SOP series that will be discontinued and expected new series.


CHANGES IN FUTURE RELEASES

From the September quarter 2012 issue, the ABS will introduce a number of changes as a result of the Review of the Producer and International Trade Price Indexes. Outcomes of the Review were announced in the Information Paper: Outcome of the Review of the Producer and International Trade Price Indexes, 2012 (cat. no. 6427.0.55.004). The changes include:
  • Introduction of ANZSIC 2006 classification for the SOP indexes (see above, and the Appendix). Changes to publication table names and SOP and PPI titles (see Chapter 5 of the Information paper);
  • Changes to release dates - the ABS will delay the release of this publication by nine working days. The Forthcoming Issues have been updated to reflect this change;
  • Re-referencing - all index numbers will be calculated on a new index reference period of 2011-12. This will result in the index numbers for each index series being reset to 100.0 for the financial year 2011-12. 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; and
  • The publication of Group 697 - Veterinary services, within Division M - Professional, scientific and technical services.

More information on the implementation of the outcomes of the Review, including updated weighting patterns for the SOP and PPI series will be published in an information paper to be released in October 2012.


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.


SUMMARY COMMENTARY


COMMENTARY

Links to Other Parts of This Release

To access the "Commentary" page use this link

Commentary

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

Price Indexes and Contract Price Indexation


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