Australia's import prices declined by 1 percent quarter-on-quarter in the March quarter of 2020, after a 0.7 percent gain in the previous quarter. Main contributors to the fall were: petroleum, petroleum products and related materials (-11.1 percent), inorganic chemical (-11.8 percent), and road vehicles, including air-cushion vehicles (-0.6 percent). Offsetting the rises were: gold, non-monetary excluding gold ores and concentrates (11.2 percent); and telecommunications and sound recording and reproducing apparatus and equipment (1.6 percent). Through the year to March 2020, import prices rose by 0.9 percent.

Import Prices in Australia averaged 93.66 points from 1981 until 2020, reaching an all time high of 116.30 points in the second quarter of 2001 and a record low of 51.50 points in the third quarter of 1981. This page provides the latest reported value for - Australia Import Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Import Prices - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Australian Bureau of Statistics

Import Prices in Australia is expected to be 116.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Import Prices in Australia to stand at 113.50 in 12 months time. In the long-term, the Australia Import Prices is projected to trend around 110.00 points in 2021, according to our econometric models.

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Australia Import Prices

Actual Previous Highest Lowest Dates Unit Frequency
113.10 114.30 116.30 51.50 1981 - 2020 points Quarterly
2011-2012=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-08-01 01:30 AM Q2 0.9% -0.5% 1.8% 1.2%
2019-10-31 12:30 AM Q3 0.4% 0.9% 0.1% 0.3%
2020-01-30 12:30 AM Q4 0.7% 0.4% 0% -0.6%
2020-04-30 01:30 AM Q1 -1% 0.7% 0.5%


News Stream
Australia Q1 Import Prices Fall 1% QoQ
Australia's import prices declined by 1 percent quarter-on-quarter in the March quarter of 2020, after a 0.7 percent gain in the previous quarter. Main contributors to the fall were: petroleum, petroleum products and related materials (-11.1 percent), inorganic chemical (-11.8 percent), and road vehicles, including air-cushion vehicles (-0.6 percent). Offsetting the rises were: gold, non-monetary excluding gold ores and concentrates (11.2 percent); and telecommunications and sound recording and reproducing apparatus and equipment (1.6 percent). Through the year to March 2020, import prices rose by 0.9 percent.
2020-04-30
Australia Import Prices Unexpectedly Rise in Q4
Australia's import prices rose by 0.7 percent quarter-on-quarter in the three months to December 2019, following a 0.4 percent gain in the prior quarter and compared to market expectations of a flat reading. Main contributors to the increase were petroleum, petroleum products & related materials (3.8 percent), machinery specialised for particular industries (1.6 percent); and road vehicles including air-cushion vehicles (0.4 percent). In contrast, declines were recorded: fertilisers excluding crude (-6.5 percent); and plastics in non-primary forms (-5.5 percent). Through the year to the December quarter, import prices advanced 1.4 percent.
2020-01-30
Australia Q3 Import Prices Rise More than Expected
Australia's import prices rose by 0.4 percent quarter-on-quarter in the three months to September 2019, following a 0.9 percent advance in the prior quarter and well above market consensus of a 0.1 percent rise. Main contributors to the increase were gold, non monetary, excluding gold ores and concentrates (15%), due to increased investor demand amid concerns over global economic growth; general industrial machinery and equipment, n.e.s, and machine parts, n.e.s. (2.4%), reflecting annual price reviews and the depreciation of the Australian dollar.; and telecommunications and sound-recording and reproducing apparatus and equipment (1.6%), due to higher import prices for mobile phones. Partly offsetting the rise was petroleum and related materials (-4.9 percent), due to a fall in global demand, and organic chemicals (-10.8%). Through the year to the June quarter, import prices advanced 1.2 percent.
2019-10-31
Australia Import Prices Rise Less than Expected in Q2
Australia's import prices rose by 0.9 percent quarter-on-quarter in the three months to June 2019, following a 0.5 percent fall in the prior quarter but missing market consensus of a 1.8 percent rise. Main contributors to the increase were petroleum, petroleum products and related materials (6.1 percent), due to a decrease in global supply, and other transport equipment (7.1 percent), reflecting increases in transport and supply costs. Meanwhile, prices fell for telecommunications and sound-recording and reproducing apparatus and equipment (-1.4 percent) due to discounting on smart phones, and inorganic chemicals (-10.9 percent) driven by lower global demand for caustic soda. Through the year to the June quarter, import prices advanced 2.8 percent.
2019-08-01

Australia Import Prices
In Australia, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates.