The final demand producer price index in Australia increased by 1.1% qoq in Q3 2021, after a 0.7% rise in Q2. This was the fifth straight quarter of rise in the index and the highest reading since Q3 2013, boosted by a faster economic recovery in the wake of COVID-19 disruptions. There were rises in prices received for heavy and civil engineering construction (2.1%), due to rises in wages and materials supported by increased public sector investment stimulus; building construction (2.2%), due to builders continuing to pass through increases in material and trade prices, supported by continued strong demand for housing; and petroleum refining and petroleum fuel manufacturing (11.8%), due to rising global crude oil demand and delays in OPEC+ oil agreement to raise production. Offsetting the rise were falls in accommodation services (-5.5%), due to decreased domestic travel demand. Through the year to the third quarter, the index increased 2.9 percent, the highest since Q4 2011. source: Australian Bureau of Statistics

Producer Price Inflation MoM in Australia averaged 0.52 percent from 1998 until 2021, reaching an all time high of 1.90 percent in the first quarter of 2008 and a record low of -1.20 percent in the second quarter of 2020. This page includes a chart with historical data for Australia Producer Price Inflation QoQ. Australia Producer Price Inflation QoQ - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

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Australia Producer Price Inflation QoQ


Calendar GMT Actual Previous Consensus TEForecast
2021-07-30 01:30 AM Q2 0.7% 0.4% 2.1%
2021-10-29 12:30 AM Q3 1.1% 0.7% 1.4%
2022-01-28 12:30 AM Q4 1.1%


News Stream
Australia Producer Prices Rise the Most in 8 Years
The final demand producer price index in Australia increased by 1.1% qoq in Q3 2021, after a 0.7% rise in Q2. This was the fifth straight quarter of rise in the index and the highest reading since Q3 2013, boosted by a faster economic recovery in the wake of COVID-19 disruptions. There were rises in prices received for heavy and civil engineering construction (2.1%), due to rises in wages and materials supported by increased public sector investment stimulus; building construction (2.2%), due to builders continuing to pass through increases in material and trade prices, supported by continued strong demand for housing; and petroleum refining and petroleum fuel manufacturing (11.8%), due to rising global crude oil demand and delays in OPEC+ oil agreement to raise production. Offsetting the rise were falls in accommodation services (-5.5%), due to decreased domestic travel demand. Through the year to the third quarter, the index increased 2.9 percent, the highest since Q4 2011.
2021-10-29
Australia Q2 Producer Inflation Accelerates
The final demand producer price index in Australia rose by 0.7% qoq in Q2 2021, after a 0.4% growth in Q1. This was the fourth straight quarter of rise in the index and the highest since Q3 2018, lifted by an acceleration in the economic recovery in the wake of the COVID-19 disruptions. There were rises in prices received for heavy and civil engineering construction (1.8%), due to increases in wages and materials; building construction (1.8%), driven by housebuilders capitalizing on improved buyer interest by increasing base prices; and petroleum refining and petroleum fuel manufacturing (12.1%), influenced by increasing demand and ongoing OPEC+ supply cuts. Offsetting the rise were falls in utilities (-2.5%), due to falls in contractual pricing on electricity supply; and commercial fishing (-12.7%), dragged down by increased seasonal supply of King prawns. Through the year to the second quarter, the index went up 2.2 percent, the highest since Q2 2014.
2021-07-30
Australia Q1 Producer Prices Rose for 3rd Quarter
The final demand producer price index in Australia rose by 0.4 percent quarter-on-quarter in the three months to March 2021, after a 0.5 percent growth in the previous period. This was the third straight quarter of rise in the index, as the economy recovered further from the COVID-19 hit. There were rises in prices received for: petroleum refining and petroleum fuel manufacturing (20.6%), building construction (0.5%) and accommodation (5.8%). Offsetting the rises were: electronic equipment manufacturing (-5.3%), other transport equipment manufacturing (-3.1%) and furniture and other manufacturing (-1.7%). Through the year to the first quarter, the index went up 0.2 percent, the first rise in four quarters.
2021-04-30

Australia Producer Price Inflation QoQ
In Australia, the Producer Price Inflation QoQ measures a quarter-over-quarter change in the price of goods and services sold by manufacturers and producers in the wholesale market.