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6457.0 - International Trade Price Indexes, Australia, Dec 2003  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 23/01/2004   
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December Quarter Key Figures

Sep Qtr 03 to Dec Qtr 03
Dec Qtr 02 to Dec Qtr 03
% change
% change

Import Price Index all groups
-2.9
-12.6
Food and live animals
-1.8
-7.4
Beverages and tobacco
-0.1
-3.2
Crude materials
-4.7
-9.1
Mineral fuels, etc.
-2.5
-15.0
Animal and vegetable oils, etc.
0.9
-5.5
Chemicals and related products
-1.9
-8.1
Manufactured goods by material
-2.3
-9.6
Machinery and transport equipment
-3.2
-14.4
Miscellaneous manufactured articles
-4.2
-15.0
Commodities and transactions n.e.s.
-0.6
-4.4
Export Price Index all groups
-3.1
-12.6
Food and live animals
-1.3
-11.3
Beverages and tobacco
-2.6
-15.7
Crude materials
-4.1
-12.0
Mineral fuels, etc.
-5.4
-19.1
Chemicals and related products
-4.0
-10.9
Manufactured goods by material
-0.1
-7.9
Machinery and transport equipment
-5.1
-13.0
Miscellaneous manufactured articles
-5.4
-16.1

IMPORT PRICE INDEX, all groups
Quarterly % change
Graph: IPIgraph_ver1

EXPORT PRICE INDEX, all groups
Quarterly % change
Graph: EPIgraph_Default



December Quarter Key Points


Import Price Index

  • The Import Price Index fell by 2.9 % in the December quarter 2003 to its lowest level since September quarter 1997. The December quarter decrease was predominantly driven by the significant appreciation of the Australian dollar against most major currencies, particularly the United States dollar. Falls were registered for prices of most commodities, with computing and telecommunication equipment, petroleum and related products, manufactured articles, machinery and transport equipment being the major contributors. There were no significant offsetting price increases.


Export Price Index
  • The Export Price Index fell by 3.1 % in the December quarter 2003 to its lowest level since March quarter 2000. The decrease was predominantly driven by the significant appreciation of the Australian dollar against all major currencies. Falls were registered for the majority of commodities. In particular, falls were observed for prices of coal, iron ores, alumina, unwrought aluminium, and wheat and meslin. Offsetting price increases were registered for a few commodities, with fresh and frozen beef and nickel products being the most significant.


Notes

Changes in this issue

There are no changes in this issue.



Revisions in this issue

An error was detected for the September quarter in Table 6, IMPORT PRICE INDEX: Intermediate & other merchandise goods. The published index number for "Food and beverages, mainly for industry" was incorrect for September quarter 2003. This number has been revised from 134.1 to 117.2 in this issue.

No other import price indexes were affected by this revision.



Related statistics

For more information about statistics in this publication and about other 'ABS data available on request', contact Steve Whennan on 02 6252 6251, or email .



Inquiries

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Steve Whennan on Canberra 6252 6251.


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