This issue includes:
- Information about the Import Price index and Export Price Index reweight for September quarter 2022. An update of changes is provided in this release under Changes in this issue.
Contains indexes measuring changes in prices of imports of merchandise landed in Australia and exports of merchandise shipped from Australia
This issue includes:
The main contributors to the fall were:
The main offsetting contributors were:
Through the year, the Export Price Index rose 25.9%. The main contributors were:
The main contributors to the rise were:
The main offsetting contributor was:
Through the year, the Import Price Index rose 19.3%. The main contributor was:
Caution: Data in Data Explorer is currently released after the 11:30am release on the ABS website. Please check the reference period when using Data Explorer.
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.
This release previously used catalogue number 6457.0.
The Import Price Index and the Export Price Index have been reweighted for the September quarter 2022. These indexes are annually reweighted each September quarter, using import and export values. A detailed explanation of the reweighting methodology and data sources is available in the Methodology, under the heading Items and weights. The new weighting patterns are provided in the Appendix of this issue. As a consequence of the annual reweighting, the points contribution data for the June quarter 2022 shown in Tables 2, 8 and 17 have been updated from those published in the previous issue of this publication.