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6457.0 - International Trade Price Indexes, Australia, Jun 2004  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 23/07/2004   
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JUNE QUARTER KEY FIGURES

Mar Qtr 04 to Jun Qtr 04
% change
Jun Qtr 03 to Jun Qtr 04
% change

Import Price Index all groups
4.1
-6.4
Food and live animals
2.0
-5.7
Beverages and tobacco
-0.9
-4.7
Crude materials
4.7
-8.3
Mineral fuels, etc.
17.8
4.5
Animal and vegetable oils, etc.
-0.9
-3.7
Chemicals and related products
4.1
-1.6
Manufactured goods by material
4.2
-4.2
Machinery and transport equipment
2.3
-9.4
Miscellaneous manufactured articles
3.5
-9.6
Commodities and transactions n.e.s.
3.1
0.2
Export Price Index all groups
8.4
2.1
Food and live animals
2.8
-0.3
Beverages and tobacco
3.1
-9.8
Crude materials
8.2
1.9
Mineral fuels, etc.
20.4
2.6
Chemicals and related products
7.6
12.0
Manufactured goods by material
10.1
13.9
Machinery and transport equipment
2.9
-7.3
Miscellaneous manufactured articles
1.8
-7.9

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

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



JUNE QUARTER KEY POINTS


IMPORT PRICE INDEX

  • The Import Price Index increased by 4.1 % in the June quarter 2004, the first increase in the index since December quarter 2002. This increase was predominantly driven by the significant depreciation of the Australian dollar against all major currencies. A large number of commodities registered increases, with the most significant being crude petroleum oils due to world price rises reflecting instability in some oil exporting countries. Increases were also observed for aircraft, other fuel oils and related products and rolled stainless steel products. There were no significant offsetting price decreases.


EXPORT PRICE INDEX
  • The Export Price Index increased by 8.4% in the June quarter 2004, the first increase since December quarter 2002 and the largest quarterly increase since June quarter 1985. This increase was predominantly driven by the significant depreciation of the Australian dollar against all major currencies. Increases were registered for the majority of commodities across the index, with the most significant contributors being coal and semi-coke, crude petroleum oils and iron ores and concentrates. The most significant price decrease was observed for fresh beef.


NOTES

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 and about other 'ABS data available on request', 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.


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