The final demand producer price index in Australia rose by 0.7% qoq in Q2 2021, after a 0.4% growth in Q1. This was the fourth straight quarter of rise in the index and the highest since Q3 2018, lifted by an acceleration in the economic recovery in the wake of the COVID-19 disruptions. There were rises in prices received for heavy and civil engineering construction (1.8%), due to increases in wages and materials; building construction (1.8%), driven by housebuilders capitalizing on improved buyer interest by increasing base prices; and petroleum refining and petroleum fuel manufacturing (12.1%), influenced by increasing demand and ongoing OPEC+ supply cuts. Offsetting the rise were falls in utilities (-2.5%), due to falls in contractual pricing on electricity supply; and commercial fishing (-12.7%), dragged down by increased seasonal supply of King prawns. Through the year to the second quarter, the index went up 2.2 percent, the highest since Q2 2014. source: Australian Bureau of Statistics

Producer Prices in Australia averaged 93.78 points from 1998 until 2021, reaching an all time high of 113.60 points in the second quarter of 2021 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 September of 2021.

Producer Prices in Australia is expected to be 113.38 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Producer Prices is projected to trend around 115.58 points in 2022 and 118.24 points in 2023, according to our econometric models.

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Australia Producer Prices

Actual Previous Highest Lowest Dates Unit Frequency
113.60 112.80 113.60 70.70 1998 - 2021 points Quarterly
2011-2012=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-30 12:30 AM Q3 0.4% -1.2% 0.7%
2021-01-29 12:30 AM Q4 0.5% 0.4% 0.7%
2021-04-30 01:30 AM Q1 0.4% 0.5% 0.7%
2021-07-30 01:30 AM Q2 0.7% 0.4% 2.1%


News Stream
Australia Q2 Producer Inflation Accelerates
The final demand producer price index in Australia rose by 0.7% qoq in Q2 2021, after a 0.4% growth in Q1. This was the fourth straight quarter of rise in the index and the highest since Q3 2018, lifted by an acceleration in the economic recovery in the wake of the COVID-19 disruptions. There were rises in prices received for heavy and civil engineering construction (1.8%), due to increases in wages and materials; building construction (1.8%), driven by housebuilders capitalizing on improved buyer interest by increasing base prices; and petroleum refining and petroleum fuel manufacturing (12.1%), influenced by increasing demand and ongoing OPEC+ supply cuts. Offsetting the rise were falls in utilities (-2.5%), due to falls in contractual pricing on electricity supply; and commercial fishing (-12.7%), dragged down by increased seasonal supply of King prawns. Through the year to the second quarter, the index went up 2.2 percent, the highest since Q2 2014.
2021-07-30
Australia Q1 Producer Prices Rose for 3rd Quarter
The final demand producer price index in Australia rose by 0.4 percent quarter-on-quarter in the three months to March 2021, after a 0.5 percent growth in the previous period. This was the third straight quarter of rise in the index, as the economy recovered further from the COVID-19 hit. There were rises in prices received for: petroleum refining and petroleum fuel manufacturing (20.6%), building construction (0.5%) and accommodation (5.8%). Offsetting the rises were: electronic equipment manufacturing (-5.3%), other transport equipment manufacturing (-3.1%) and furniture and other manufacturing (-1.7%). Through the year to the first quarter, the index went up 0.2 percent, the first rise in four quarters.
2021-04-30
Australia Q4 Producer Prices Rise the Most in 2 Years
The final demand producer price index in Australia rose by 0.5 percent quarter-on-quarter in the three months to December 2020, after a 0.4 percent gain in the previous period. This was the second straight quarter of rise in the index and the highest reading in two years, as the economy recovered further from the COVID-19 hit. There were rises in prices received for: building construction (0.5 percent), child care services (7.9 percent), and accommodation (4.3 percent). Partially offsetting the rises were: machinery and equipment manufacturing (-2.4 percent), sugar and confectionery (-5.2 percent), and cigarette and tobacco manufacturing (-5.0 percent). Through the year to the fourth quarter, the index fell by 0.1 percent, the third straight quarter of decrease.
2021-01-29
Australia Q3 Producer Prices Rise 0.4% QoQ
The final demand producer price index in Australia rose by 0.4 percent quarter-on-quarter in the three months to September 2020, after a 1.2 percent fall in the previous period, as the economy recovered further from the COVID-19 crisis. There were rises in prices received for: child care services (48.7 percent), petroleum refining and petroleum fuel manufacturing (10.7 percent), and commercial fishing (12.5 percent). Partially offsetting the rises were computer and electronic equipment (-7.1 percent), other transport equipment (-6 percent), and clothing manufacturing (-8.4 percent). Through the year to the third quarter, the index fell by 0.4 percent, the second straight quarter of decrease since the first quarter 2010.
2020-10-30

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.