The final demand producer price index in Australia increased by 1.6% qoq in Q1 2022, accelerating from a 1.3% rise in Q4 2021. This was the seventh straight quarter of rises in the index and the highest reading since Q3 2008, boosted by a faster economic recovery in the wake of COVID-19 disruptions. There were rises in prices received for output of building construction (3.0%), driven by increases for materials with supply constraints for timber and metals, high freight costs and skilled trade shortages; heavy and civil engineering construction (2.4%), due to rises in steel, crude oil and skilled trade shortages, along with ongoing increases in infrastructure investment; and petroleum refining and petroleum fuel manufacturing (17.6%), due to a rise in global crude oil prices and OPEC+ countries falling short of agreed production increases. Through the year to Q4, producer prices went up 4.9%, the most since Q4 2008. source: Australian Bureau of Statistics
Producer Price Inflation MoM in Australia averaged 0.54 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 July of 2022.