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 July 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.