6427.0 - Producer Price Indexes, Australia, Jun 2020 Quality Declaration
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 31/07/2020
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Final Demand, Quarterly % change
Changes in this issue
The June quarter 2020 issue of the Producer Price Indexes will include re-weighted price indexes for:
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 compilation of the quarterly Producer Price Index for the Output of the Retail Trade Industry, normally released as an additional update of the Producer Price Indexes, Australia (ABS cat. No. 6427.0), has been paused indefinitely as a result of changing priorities within the ABS as a result of the COVID-19 pandemic.
New ABS website
The ABS will be launching a new website in 2020. You can see how this release will appear on the new website by exploring our Beta site. Regular users of this information are encouraged to explore the Beta site and consider if this will affect the way you access and consume ABS data and information. If you would like more information on the new ABS website, or want to discuss how the transition to the new site might impact you, please email newABSwebsite@abs.gov.au.
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