Producer Price Indexes, Australia

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Contains a range of producer price indexes in the Australian economy, comprising mining, manufacturing, construction and services industries.

Reference period
December 2023
Released
2/02/2024

Key statistics

Final demand (excluding exports)

  • Rose 0.9% this quarter.
  • Rose 4.1% over the past twelve months.

What are the Producer Price Indexes (PPIs)?

What is Final demand?

Quarterly overview

Final demand increased 0.9% this quarter with moderate rises across most industries. Sustained growth in construction outputs is driving the rise. High crude oil and energy prices in recent quarters are still having flow on impacts to prices in other industries.

 Sep Qtr 2023 to Dec Qtr 2023Dec Qtr 2022 to Dec Qtr 2023
Final demand% change% change
Final demand (excl. exports)0.94.1

Index reference period: 2011-12 = 100.0.

The main contributors to quarterly growth in Final demand were:

  • Output of building construction (+1.9%), due to ongoing skilled labour shortages and increases in margins to mitigate against risk of resource availability over longer-term projects. 
  • Motor vehicle and motor vehicle part manufacturing (+2.4%), due to increases in import prices and increased manufacturing costs over the past year.
  • Output of heavy and civil engineering construction (+0.6%), due to ongoing skilled labour shortages and increases in operating costs of machinery. 

Rounding

Any discrepancies between totals and sums of components in this publication are due to rounding.

Construction

Input to the house construction industry

Output of the construction industry

Mining industries

Input to the coal mining industry

Output of the mining industry

Manufacturing

Input to the manufacturing industry

Output of the manufacturing industry

Services

Output of the services industries

Data downloads

Data files
Data files

Data Explorer datasets

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Final demand

Construction

Mining industries

Manufacturing

Previous catalogue number

This release previously used catalogue number 6427.0.

Using price indexes

Price indexes in contracts

Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).

Use of Price Indexes in Contracts sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.

Changes in future issues

A review of the Final demand (excluding exports) PPI will be undertaken in March Quarter 2024. Additional selected ANZSIC groups and classes will be included in Table 5. Final demand: contribution to final demand index by industry - index points:

  • Group 301 Residential building construction
  • Group 302 Non-residential building construction
  • Class 3101 Road and bridge construction
  • Class 3109 Other heavy and civil engineering construction
  • Group 671 Property operators
  • Group 771 Public order and safety
  • Group 802 School education
  • Group 810 Tertiary education
  • Group 851 Medical services
  • Group 853 Allied health services 

The following selected ANZSIC codes will be discontinued from publication in Table 5. Final demand: contribution to final demand index by industry - index points:

  • Group 041 Fishing
  • Group 182 Basic polymer manufacturing
  • Group 212 Basic ferrous metal product manufacturing
  • Subdivision 30 Building construction (replaced with detailed Groups 301 and 302)
  • Subdivision 31 Heavy and civil engineering construction (replaced with detailed Classes 3101 and 3109)
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