The final demand producer price index in Australia advanced 0.4 percent quarter-on-quarter in the three months to September 2019, the same pace as in the previous period but beating market expectations of a 0.3 percent rise. There were increases in prices received for heavy and civil engineering construction (0.6%), dairy product manufacturing (4.1%) and sheep, beef cattle and grain farming; and dairy cattle farming (5.2%) due to higher meat prices. Offsetting contributors were petroleum refining and petroleum fuel manufacturing (-3.9%), other transport equipment manufacturing (-2.0%) and other agriculture (-1.0%). Through the year to the third quarter, producer prices rose by 1.6 percent, after a 2 percent gain in the prior quarter. Producer Prices in Australia averaged 92.25 Index Points from 1998 until 2019, reaching an all time high of 112.10 Index Points in the third quarter of 2019 and a record low of 70.70 Index Points in the first quarter of 1999. source: Australian Bureau of Statistics

Producer Prices in Australia is expected to be 113.42 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices in Australia to stand at 114.45 in 12 months time. In the long-term, the Australia Producer Prices is projected to trend around 119.78 points in 2020, according to our econometric models.

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Australia Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
112.10 111.60 112.10 70.70 1998 - 2019 points Quarterly
2011-2012=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-02-01 12:30 AM Q4 0.5% 0.8% 0.6% 0.4%
2019-04-26 01:30 AM Q1 0.4% 0.5% 0.6% 0.5%
2019-08-02 01:30 AM Q2 0.4% 0.4% 0.2% 0.3%
2019-11-01 12:30 AM Q3 0.4% 0.4% 0.3% 0.6%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
2019-08-02
Australia Producer Prices Rise More than Forecast in Q2
The final demand producer price index in Australia advanced 0.4 percent quarter-on-quarter in the three months to June 2019, the same pace as in the previous period but beating market expectations of a 0.2 percent rise. There were increases in prices received for: petroleum refining and petroleum fuel manufacturing (11.7 percent); other transport equipment manufacturing (5.3 percent); and heavy and civil engineering construction (0.5 percent). Partly offsetting these gains were falls in the prices received for other agriculture (-7.7 percent); electricity supply, gas supply, and water supply, sewerage and drainage services (-1.0 percent); and fishing (-13.1 percent). Through the year to the second quarter, producer prices rose by 2 percent, after a 1.9 percent gain in the prior quarter.

2019-04-26
Australia Producer Prices Rise Less than Expected in Q1
The final demand producer price index in Australia advanced 0.4 percent quarter-on-quarter in the three months to March 2019, slowing from a 0.5 percent gain in the previous period and missing market expectations of a 0.6 percent rise. It was the weakest reading since the June quarter last year, when the index rose 0.3 percent. Prices went up for other agriculture (10.3 percent); heavy and civil engineering construction (0.4 percent) and tertiary education (1.7 percent). Partly offsetting the rise, declines were recorded for petroleum refining and petroleum fuel manufacturing (3.1 percent); accommodation (-2.8 percent) and pharmaceutical and medicinal product manufacturing (1.9 percent). Through the year to the first quarter, producer prices rose 1.9 percent.

2019-02-01
Australia Q4 Producer Prices Rise Slightly Less than Expected
The final demand producer price index in Australia increased by 0.5 percent quarter-on-quarter in the three months to December of 2018, slowing markedly from a 0.8 percent rise in the previous period and slightly below market consensus of 0.6 percent. Still, it marked the 11th straight quarter of rise in producer prices, mainly driven by prices received for heavy and civil engineering construction (1 percent); building construction (0.4 percent) and accommodation (3.8 percent). Partly offsetting the rise was falls in prices received for petroleum refining and petroleum fuel manufacturing (-10.6 percent) and bakery product manufacturing (-2.7 percent). Through the year to the fourth quarter, producer prices rose 2 percent.


Australia Producer Prices
In Australia, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

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 [+]