6427.0.55.004 - Information Paper: Outcome of the Review of the Producer and International Trade Price Indexes, 2012
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 06/03/2012 First Issue
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The ABS announces changes to the Producer and International Trade Price Indexes
The Australian Bureau of Statistics (ABS) today announced the outcome from a comprehensive review of the Australian Producer Price Indexes (PPIs) and International Trade Price Indexes (ITPIs), which was conducted from mid 2011.
The issues considered in the review of the PPIs and ITPIs were set out in the Information Paper: Review of the Producer and International Trade Price Indexes, 2011 (cat. no. 6427.0.55.003), released on 2 September 2011.
The ABS sought the views of interested parties in both written and oral submissions during the course of the review. The ABS is grateful to those who participated in the consultation processes.
As a result of the review, the ABS will implement some of the outcomes commencing with the release of the September quarter 2012 PPI and ITPI releases. An additional information paper will be published in September 2012, providing details such as the weighting patterns for the PPIs that will be adopted and finalising new series.
Key outcomes from the review include:
Some outcomes are dependent on the implementation of a new computer system which is expected in mid 2014, which will allow:
Further outcomes are detailed in the Information Paper: Outcome of the Review of the Producer and International Trade Price Indexes, 2012 (cat. no. 6427.0.55.004).
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