Australia's import prices decreased by 3.5 percent quarter-on-quarter in the three months ended September of 2020, the steepest decline since the December quarter of 2010, after a 1.9 percent drop in the previous period, amid the coronavirus pandemic. Main contributors to the decline were: telecommunications and sound recording equipment (-7.2 percent), due to delays in new phone model releases and discounting to older models; office machines and ADP machines (-8.7 percent); and articles of apparel and clothing (-8.5 percent), amid the impact of exchange rates on prices and discounting of stock. The main offsetting contributors were: petroleum, petroleum products and related materials (5.2 percent); gold, non-monetary (2.3 percent); and non-ferrous metals (6.7 percent). Through the year to September 2020, import prices declined by 5.7 percent. source: Australian Bureau of Statistics
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 January of 2021.
Import Prices in Australia is expected to be 111.50 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 113.00 in 12 months time. In the long-term, the Australia Import Prices is projected to trend around 112.50 points in 2021 and 111.00 points in 2022, according to our econometric models.