The final demand producer price index in Australia increased by 1.3% qoq in Q4 2021, after a 1.1% rise in Q3. This was the sixth straight quarter of rises 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 output of building construction (2.9%), due to ongoing strong demand for housing and builders passing on rising material and labor costs; heavy and civil engineering construction (1.4%), due to rises in steel, oil; motor vehicle and motor vehicle part manufacturing (4.4%), due to ongoing shortages of semi-conductors and other components limiting production. Offsetting the rise were price falls in utilities and drainage services (-0.9%), due to higher electricity consumption spread over fixed costs; and sugar and confectionery manufacturing (4.4%), amid Christmas discounting. Through the year to Q4, producer prices went up 3.7%, the most since Q1 2009. 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 January of 2022.

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Australia Producer Price Inflation QoQ


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.
Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.10 1.90 -1.20 1998 - 2021 percent Quarterly
NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-10-29 12:30 AM Q3 1.1% 0.7% 1.4%
2022-01-28 12:30 AM Q4 1.3% 1.1% 0.9%
2022-04-29 01:30 AM Q1 1.3%


News Stream
Australia Q4 Producer Prices Rise the Most in Over 8 Years
The final demand producer price index in Australia increased by 1.3% qoq in Q4 2021, after a 1.1% rise in Q3. This was the sixth straight quarter of rises 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 output of building construction (2.9%), due to ongoing strong demand for housing and builders passing on rising material and labor costs; heavy and civil engineering construction (1.4%), due to rises in steel, oil; motor vehicle and motor vehicle part manufacturing (4.4%), due to ongoing shortages of semi-conductors and other components limiting production. Offsetting the rise were price falls in utilities and drainage services (-0.9%), due to higher electricity consumption spread over fixed costs; and sugar and confectionery manufacturing (4.4%), amid Christmas discounting. Through the year to Q4, producer prices went up 3.7%, the most since Q1 2009.
2022-01-28
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