6427.0 - Producer Price Indexes, Australia, Dec 2019 Quality Declaration
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 31/01/2020
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Stage of Production Final Demand
Stage of Production Final Demand, Quarterly % change
Changes in future issues
From December 2019 quarter, the ABS will only publish the Final Demand (excluding exports) series. For further advice on this change please refer to the notice published in the September 2019 quarter release.
Final Demand is now published as a contribution to Final Demand by Industry and the following Tables and Data Cubes have been modified to accommodate the changes:
The following Tables and Data Cubes have been discontinued to accommodate the above changes:
The ABS will focus on enhancing industry indexes and expanding coverage of the PPIs to inform an economy wide view of producer price inflation, through:
The ABS welcomes feedback on these changes to further the ongoing enhancements of Producer Price Indexes. For any questions or feedback relating to this change, please contact us at firstname.lastname@example.org.
Any discrepancies between totals and sums of components in this publication are due to rounding.
Use of Price Indexes in Contracts
Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).
Use of Price Indexes in Contracts sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.
The ABS has published the quarterly Producer Price Index for the Output of the Retail Trade Price Index (RTPI) from 25 February 2014. The RTPI is released as an additional update of the Producer Price Indexes, Australia publication (ABS cat. no. 6427.0). The RTPI will be released in electronic format as a data cube on the ABS website on 25 February 2020.
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