Australian Bureau of Statistics

Rate the ABS website
ABS Home > Statistics > By Release Date
ABS @ Facebook ABS @ Twitter ABS RSS ABS Email notification service
6457.0 - International Trade Price Indexes, Australia, Mar 2006 (Reissue)  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/06/2006  Reissue
   Page tools: Print Print Page Print all pages in this productPrint All RSS Feed RSS Bookmark and Share Search this Product

This reissue contains amended data for the March Quarter 2006 (see "Changes in this Issue" below).


MARCH QUARTER KEY FIGURES

Dec Qtr 05 to Mar Qtr 06
Mar Qtr 05 to Mar Qtr 06
% change
% change

Import Price Index all groups
1.3
6.2
Food and live animals
0.6
7.3
Beverages and tobacco
-0.8
6.8
Crude materials
1.3
8.5
Mineral fuels, etc.
7.1
53.7
Animal and vegetable oils, etc.
4.8
21.2
Chemicals and related products
-0.8
1.4
Manufactured goods by material
1.8
3.8
Machinery and transport equipment
-0.2
-0.9
Miscellaneous manufactured articles
1.5
3.0
Commodities and transactions n.e.s.
14.5
36.5
Export Price Index all groups
5.0
22.7
Food and live animals
2.4
6.9
Beverages and tobacco
0.6
2.3
Crude materials
5.3
26.0
Mineral fuels, etc.
3.2
48.6
Chemicals and related products
4.7
13.4
Manufactured goods by material
13.2
20.4
Machinery and transport equipment
0.7
3.8
Miscellaneous manufactured articles
1.2
7.7

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

Export Price Index: all groups, Quarterly % change
Graph: Graph - Export Price Index all groups, Quarterly % change



MARCH QUARTER KEY POINTS


IMPORT PRICE INDEX

  • The Import Price Index increased by 1.3% in the March quarter 2006, following a 0.4% increase in the December quarter 2005. Crude and other petroleum oils were the main contributors to the increase. The most significant offsetting price decreases were for imports of chemical products and medicaments. Through the year to March quarter 2006, the IPI rose 6.2%.


EXPORT PRICE INDEX
  • The Export Price Index increased by 5.0% in the March quarter 2006, following a 2.2% increase in the December quarter 2005. The increase this quarter was driven by price rises for aluminium, gold, alumina, crude petroleum oils, copper ores and concentrates, refined copper and alloys, and zinc. The most significant offsetting price decreases were for exports of medicaments and fresh and frozen edible offal. Through the year to March quarter 2006, the EPI rose 22.7%.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2006 21 July 2006
September 2006 20 October 2006



CHANGES IN THIS ISSUE

This publication contains amended data for the March quarter 2006 import and export price indexes to correct for processing errors. All component groups of the import price index were affected. The only export price index groups affected were "Mineral fuels, lubricants and other related materials" and "All groups".


The revisions to the international trade price indexes also affect several components of the producer price indexes. Together, the changes in the different indexes will cause revisions to the March quarter 2006 national accounts estimates, with the largest impact being on the volume of imports of goods and services. These revisions will be reflected in the June quarter 2006 issues of Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0) and Balance of Payments and International Investment Position, Australia (cat. no. 5302.0). The indexes enter into the compilation of the national accounts in many different ways, some of which offset. In isolation, the net effect of the revisions would cause the seasonally adjusted GDP chain volume measure of quarterly growth for March quarter 2006 to be revised from 0.9% to 0.8%. However, there will also be a range of other revisions to the national accounts estimates, for example those coming from updated source data. This means that the actual results published for GDP growth for March quarter 2006 in the June quarter 2006 Australian National Accounts: National Income, Expenditure and Product (cat. no. 5206.0), to be released on 6 September 2006, may differ from the above.



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 Steve Whennan on (02) 6252 6251, or email <steve.whennan@abs.gov.au>.


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 (02) 6252 6251.


Bookmark and Share. Opens in a new window

Commonwealth of Australia 2014

Unless otherwise noted, content on this website is licensed under a Creative Commons Attribution 2.5 Australia Licence together with any terms, conditions and exclusions as set out in the website Copyright notice. For permission to do anything beyond the scope of this licence and copyright terms contact us.