Australia's final demand producer price index increased by 0.7% qoq in Q4 2022, slowing from a 1.9% advance in Q3. It was the tenth straight period of growth in the index but the lowest print since Q2 of 2021 amid rising cost pressures. The main positive contributors were the output of building construction (1.6%), expanded thanks to supply chain issues and high demand for finishing stage materials and skilled labor shortages; heavy and civil engineering construction (1.5%), driven by increased costs of diesel and strong demand for skilled labor; and computer and electronic manufacturing (4.2%), influenced by exchange rates. Offsetting the rise were price falls in petroleum refining and fuel (-10%); other agriculture (-7.4%) amid a drop in costs of select commodities after flood events in Q3; and electricity supply, gas supply, and drainage services (-2.6%). Through the year to Q4, producer prices grew 5.8%. source: Australian Bureau of Statistics
Producer Price Inflation MoM in Australia averaged 0.57 percent from 1998 until 2022, reaching an all time high of 1.90 percent in the first quarter of 2008 and a record low of -1.20 percent in the second quarter of 2020. This page includes a chart with historical data for Australia Producer Price Inflation QoQ. Australia Producer Price Inflation QoQ - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.