The final demand producer price index in Australia advanced 0.2 percent quarter-on-quarter in the three months to March 2020, the least since the third quarter of 2017, following a 0.3 percent rise in the previous period. There were increases in prices received for other agriculture (11.2 percent); tertiary education (1.6 percent); and electricity supply; gas supply; and water supply, sewerage and drainage services (1.1 percent). Partially offsetting the rises were petroleum refining and petroleum fuel manufacturing (-14.1 percent), and accommodation (-5.6 percent). Through the year to March 2020, the index rose by 1.3 percent, the least since the first quarter 2017.
Producer Prices in Australia averaged 92.71 points from 1998 until 2020, reaching an all time high of 112.60 points in the first quarter of 2020 and a record low of 70.70 points in the first quarter of 1999. This page provides - Australia Producer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Producer Prices - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Australian Bureau of Statistics
Producer Prices in Australia is expected to be 112.72 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 114.20 in 12 months time. In the long-term, the Australia Producer Prices is projected to trend around 116.89 points in 2021 and 118.81 points in 2022, according to our econometric models.