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6457.0 - International Trade Price Indexes, Australia, Sep 2007  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 19/10/2007   
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SEPTEMBER KEY FIGURES

Jun Qtr 07 to Sep Qtr 07
Sep Qtr 06 to Sep Qtr 07
% change
% change

Import Price Index all groups
-0.8
-5.5
Food and live animals
3.3
-0.6
Beverages and tobacco
1.5
1.0
Crude materials, inedible, except fuels
5.5
3.0
Mineral fuels, lubricants and related materials
2.7
-9.3
Animal and vegetable oils, fats and waxes
8.1
0.9
Chemicals and related products, n.e.c.
-0.7
1.6
Manufactured goods classified chiefly by material
-0.5
-3.0
Machinery and transport equipment
-2.6
-7.3
Miscellaneous manufactured articles
-1.6
-6.7
Commodities and transactions, n.e.c.
0.2
-1.5
Export Price Index all groups
-3.0
-2.5
Food and live animals
-0.1
3.5
Beverages and tobacco
-4.7
-6.2
Crude materials, inedible, except fuels
-6.1
3.9
Mineral fuels, lubricants and related materials
0.8
-12.6
Chemicals and related products, n.e.c.
-1.5
-7.6
Manufactured goods classified chiefly by material
-9.2
0.3
Machinery and transport equipment
-0.2
-1.8
Miscellaneous manufactured articles
-2.9
-6.5

IMPORT PRICE INDEX: all groups, Quarterly % change
Import Price Index all groups, Quarterly % change

EXPORT PRICE INDEX: all groups, Quarterly % change
Export Price Index all groups, Quarterly % change



SEPTEMBER KEY POINTS


IMPORT PRICE INDEX

  • The Import Price Index decreased by 0.8% in the September quarter 2007, following a 0.1% increase in June quarter 2007. The decrease this quarter was driven by price falls in telecommunications and sound-recording and reproducing apparatus and equipment (-5.6%), office machines and ADP machines (-4.9%) and road vehicles (-1.8%). These decreases were partly offset by increases in prices paid for petroleum, petroleum products and related materials (+2.7%) and iron and steel (+3.8%). Through the year to September quarter 2007 the Import Price Index decreased 5.5%.


EXPORT PRICE INDEX
  • The Export Price Index decreased by 3.0% in the September quarter 2007, the first quarterly decrease since March quarter 2005. The decrease this quarter was driven by price falls in metalliferous ores and metal scrap (-7.2%), non-ferrous metals (-12.5%) and coal, coke and briquettes (-2.8%). These decreases were partly offset by increases in prices received for petroleum, petroleum products and related materials (+9.4%) and cereals and cereal preparations (+3.4%). Through the year to September quarter 2007, the Export Price Index decreased 2.5%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2007 18 January 2008
March 2008 18 April 2008



CHANGES IN THIS ISSUE

Both the Import Price Index and the Export Price Index have been reweighted in the September quarter 2007. This is in line with the ABS policy of reweighting these indexes annually in the September quarter, as explained in paragraphs 8-10 of the Explanatory Notes. The new weighting patterns are provided in an Appendix to this issue.


As a consequence of this annual reweighting, points contribution data for June quarter 2007 shown in Tables 2, 8 and 17 differ from those published in the previous issue of this publication.



ROUNDING

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



RELATED STATISTICS

For more information about statistics in this publication contact Lee Taylor on (02) 6252 6251, or email <lee.taylor@abs.gov.au>.



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Lee Taylor on Canberra (02) 6252 6251.


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