6457.0 - International Trade Price Indexes, Australia, Sep 2008
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 17/10/2008
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SEPTEMBER KEY POINTS
IMPORT PRICE INDEX
EXPORT PRICE INDEX
CHANGES IN THIS ISSUE
Both the Import Price Index and the Export Price Index have been reweighted in the September quarter 2008. This is in line with the ABS policy of reweighting these indexes annually in the September quarter, as explained in paragraphs 8-10 of the Explanatory Notes. The new weighting patterns are provided in an Appendix to this issue.
As foreshadowed in the June quarter 2008 issue of this publication, the ABS has completed a review of the International Trade Price indexes to incorporate recent updates to the classifications of Australian import and export statistics - see paragraphs 5-7 of the Explanatory Notes. An anomaly in the previous weighting pattern, identified during the introduction of the updated classifications, has resulted in more significant than usual changes to the contribution to the Import Price Index and the Export Price Index of SITC Division 28: Metalliferous ores and metal scrap and SITC Division 52: Inorganic chemicals.
Due to the annual reweighting and the changes resulting from the introduction of the new classifications, the points contribution data for June quarter 2008 shown in Tables 2, 8 and 17 differ from previous issues of this publication.
From the September quarter 2009, the content and format of tables 14, 15, 17 and 19 will change to reflect the contemporary industrial classification (ANZSIC06).
Any discrepancies between totals and sums of components are due to rounding.
Data referenced in the Key points are available from the tables shown in this publication, or in the corresponding tables of this publication on the ABS website <https://www.abs.gov.au>.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Lee Taylor on Canberra (02) 6252 6251.
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