The final demand producer price index in Australia climbed by 1.4% qoq in Q2 2022, slowing from a 1.6% rise in Q1. This was the eighth straight quarter of rises in the index driven by a faster economic recovery in the wake of COVID-19 disruptions. There were rises in prices received for output of building construction (3.9%), boosted by continuing supply constraints for timber and metals, high freight costs and labour shortages; petroleum refining and petroleum fuel manufacturing (31.5%) due to a decrease in global crude oil supplies and increased demand in response to easing COVID19 restrictions; and heavy and civil engineering construction (2.8%), due to increases in diesel and material prices coupled with skilled trade shortages and high freight costs. Through the year to the second quarter, producer prices rose 5.6%, the most since Q4 2008. source: Australian Bureau of Statistics
Producer Price Inflation MoM in Australia averaged 0.55 percent from 1998 until 2022, 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 August of 2022.