The final demand producer price index in Australia rose by 0.5 percent quarter-on-quarter in the three months to December 2020, after a 0.4 percent gain in the previous period. This was the second straight quarter of rise in the index and the highest reading in two years, as the economy recovered further from the COVID-19 hit. There were rises in prices received for: building construction (0.5 percent), child care services (7.9 percent), and accommodation (4.3 percent). Partially offsetting the rises were: machinery and equipment manufacturing (-2.4 percent), sugar and confectionery (-5.2 percent), and cigarette and tobacco manufacturing (-5.0 percent). Through the year to the fourth quarter, the index fell by 0.1 percent, the third straight quarter of decrease. source: Australian Bureau of Statistics
Producer Prices in Australia averaged 93.35 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 April of 2021.
Producer Prices in Australia is expected to be 112.65 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 113.98 in 12 months time. In the long-term, the Australia Producer Prices is projected to trend around 116.61 points in 2022 and 119.29 points in 2023, according to our econometric models.