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. Import Prices in Australia averaged 93.40 Index Points from 1981 until 2019, reaching an all time high of 116.30 Index Points in the second quarter of 2001 and a record low of 51.50 Index Points in the third quarter of 1981. source: Australian Bureau of Statistics

Import Prices in Australia is expected to be 117.00 Index 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 114.00 in 12 months time. In the long-term, the Australia Import Prices is projected to trend around 110.00 Index Points in 2020, according to our econometric models.

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Australia Import Prices

Actual Previous Highest Lowest Dates Unit Frequency
113.50 113.10 116.30 51.50 1981 - 2019 points Quarterly
2011-2012=100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-01-31 12:30 AM Q4 0.5% 1.9% 0.3% 2%
2019-04-26 01:30 AM Q1 -0.5% 0.5% -1.1% -1.4%
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%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-08-01
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.

2019-04-26
Australia Q1 Import Prices Fall Less than Expected
Australia's import prices declined by 0.5 percent quarter-on-quarter in the three months to March 2019, after a 0.5 percent gain in the prior quarter and compared market consensus of a 1.1 percent drop . It marked the first decrease in the index since the third quarter of 2017, when the reading fell 1.6 percent. Main contributors to the decline were mineral fuels, lubricants and related materials (-5.9 percent); chemicals and related products, n.e.s (-2.2 percent); food and live animals (-1.2 percent); and crude materials, inedible, except fuels (-0.9 percent). Through the year to the March quarter, the index rose 5.2 percent, slowing from a 7.8 percent gain in the previous quarter and reaching the weakest yearly reading in a year.

2019-01-31
Australia Q4 Import Prices Rise the Least in 5 Quarters
Australia's import prices increased by 0.5 percent quarter-on-quarter in the three months to December 2018, much slower than a 1.9 percent rise in the prior period and compared to market consensus of 0.3 percent. It marked the weakest reading since a decline in the third quarter 2017, mainly driven by higher prices paid for: crude materials, inedible, except fuels (5.9 pct); commodities and transactions, n.e.s. (3.3 pct); manufactured goods classified chiefly by material (1.8 pct); machinery and transport equipment (1.1 pct); beverages & tobacco (0.7 pct); miscellaneous manufactured articles (0.9 pct); food and live animals (0.6 pct); and chemicals and related products, n.e.s. (0.3 pct). Through the year to the fourth quarter, the index rose 7.8 percent.


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.

Australia Prices Last Previous Highest Lowest Unit
Inflation Rate 1.70 1.60 23.90 -1.30 percent [+]
Inflation Rate Mom 0.50 0.60 7.55 -1.54 percent [+]
Consumer Price Index CPI 115.40 114.80 115.40 4.20 points [+]
Core Consumer Prices 116.16 115.91 116.16 75.47 points [+]
Core Inflation Rate 1.60 1.60 10.70 1.60 percent [+]
GDP Deflator 105.43 104.75 105.43 6.22 points [+]
Producer Prices 112.10 111.60 112.10 70.70 points [+]
Producer Prices Change 1.60 2.00 6.30 -1.50 percent [+]
Export Prices 114.80 113.30 114.80 16.30 points [+]
Import Prices 113.50 113.10 116.30 51.50 points [+]
Food Inflation 2.30 2.40 20.60 -3.20 percent [+]
Inflation Expectations 4.00 4.00 8.60 2.80 percent [+]
CPI Housing Utilities 121.80 121.40 121.80 10.30 points [+]
CPI Transportation 107.00 107.30 107.30 11.30 points [+]