Australia's import prices rose by 0.9 percent quarter-on-quarter in the three months to June 2019, following a 0.5 percent fall in the prior quarter but missing market consensus of a 1.8 percent rise. Main contributors to the increase were petroleum, petroleum products and related materials (6.1 percent), due to a decrease in global supply, and other transport equipment (7.1 percent), reflecting increases in transport and supply costs. Meanwhile, prices fell for telecommunications and sound-recording and reproducing apparatus and equipment (-1.4 percent) due to discounting on smart phones, and inorganic chemicals (-10.9 percent) driven by lower global demand for caustic soda. Through the year to the June quarter, import prices advanced 2.8 percent. Import Prices in Australia averaged 93.27 Index Points from 1981 until 2019, reaching an all time high of 116.30 Index Points in the second quarter of 2001 and a record low of 51.50 Index Points in the third quarter of 1981.

Import Prices in Australia is expected to be 114.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Import Prices in Australia to stand at 116.00 in 12 months time. In the long-term, the Australia Import Prices is projected to trend around 110.00 Index Points in 2020, according to our econometric models.

Australia Import Prices
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-01 12:30 AM Import Prices QoQ Q3 1.9% 3.2% 1.1%
2019-01-31 12:30 AM Import Prices QoQ Q4 0.5% 1.9% 0.3% 2%
2019-04-26 01:30 AM Import Prices QoQ Q1 -0.5% 0.5% -1.1% -1.4%
2019-08-01 01:30 AM Import Prices QoQ Q2 0.9% -0.5% 1.8% 1.2%


Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 1.30 23.90 -1.30 percent [+]
Inflation Rate Mom 0.60 0.00 7.55 -1.54 percent [+]
Consumer Price Index CPI 114.80 114.10 114.80 4.20 Index Points [+]
Core Consumer Prices 115.91 115.33 115.91 75.47 Index Points [+]
Core Inflation Rate 1.60 1.60 10.70 1.60 percent [+]
GDP Deflator 106.60 105.44 106.60 6.35 Index Points [+]
Producer Prices 111.60 111.20 111.60 70.70 Index Points [+]
Producer Prices Change 2.00 1.90 6.30 -1.50 percent [+]
Export Prices 113.30 109.20 113.30 16.30 Index Points [+]
Import Prices 113.10 112.10 116.30 51.50 Index Points [+]
Food Inflation 2.40 2.30 20.60 -3.20 percent [+]
Inflation Expectations 3.10 3.50 8.60 2.80 percent [+]
CPI Housing Utilities 121.40 121.60 121.60 10.30 Index Points [+]
CPI Transportation 107.30 103.80 107.30 11.30 Index Points [+]


Australia Import Prices

In Australia, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates. This page provides the latest reported value for - Australia Import Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Import Prices - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
113.10 112.10 116.30 51.50 1981 - 2019 Index Points Quarterly
2011-2012=100, NSA




Country Last Previous
Argentina 116.90 Jun/19
Australia 113.10 Jun/19
Brazil 117.20 Jul/19
Canada 119.30 Jul/19
China 105.90 Jun/19
Euro Area 100.70 Jul/19
France 101.00 Jul/19
Germany 101.10 Jul/19
India 513.00 Dec/18
Indonesia 149.34 Jul/19
Italy 107.10 Jun/19
Japan 92.80 Aug/19
Mexico 232.48 Jul/19
Netherlands 99.70 Jul/19
Singapore 100.12 Jul/19
South Africa 155.80 Jun/19
South Korea 111.17 Aug/19
Spain 108.70 Jun/19
Switzerland 105.77 May/19
Turkey 89.12 Jul/19
United States 125.10 Aug/19


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