The final demand producer price index in Australia dropped 1.2 percent quarter-on-quarter in the three months to June 2020, following a 0.2 percent gain in the previous period. This was the first decline in producer prices since the first quarter 2016, amid coronavirus pandemic.There were decreases in prices received for petroleum refining and petroleum fuel manufacturing (-30.1 percent); child care services (-36.7 percent) and other agriculture (-6.4 percent). Partially offsetting the rises were other transport equipment (3.6 percent), computer and electronic equipment (3.1 percent) and motor vehicle and motor vehicle part manufacturing (1.2 percent). Through the year to June 2020, the index fell by 0.4 percent, the first decrease since the first quarter 2010.
Producer Prices in Australia averaged 92.71 points from 1998 until 2020, reaching an all time high of 112.60 points in the first quarter of 2020 and a record low of 70.70 points in the first quarter of 1999. This page provides - Australia Producer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Producer Prices - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Australian Bureau of Statistics
Producer Prices in Australia is expected to be 113.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in Australia to stand at 114.63 in 12 months time. In the long-term, the Australia Producer Prices is projected to trend around 116.14 points in 2021 and 118.81 points in 2022, according to our econometric models.