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6457.0 - International Trade Price Indexes, Australia, Dec 2008  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 23/01/2009   
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DECEMBER KEY FIGURES

Sep Qtr 08 to Dec Qtr 08
Dec Qtr 07 to Dec Qtr 08
% change
% change

Import Price Index all groups
10.8
21.1
Food and live animals
20.1
29.8
Beverages and tobacco
1.3
4.8
Crude materials, inedible, except fuels
30.2
69.8
Mineral fuels, lubricants and related materials
-25.2
7.8
Animal and vegetable oils, fats and waxes
13.9
46.1
Chemicals and related products, n.e.c.
16.9
32.2
Manufactured goods classified chiefly by material
17.9
24.1
Machinery and transport equipment
18.2
15.8
Miscellaneous manufactured articles
27.2
28.9
Commodities and transactions, n.e.c.
21.3
34.7
Export Price Index all groups
15.9
54.9
Food and live animals
12.8
49.1
Beverages and tobacco
6.8
1.9
Crude materials, inedible, except fuels
14.2
47.8
Mineral fuels, lubricants and related materials
25.7
147.1
Chemicals and related products, n.e.c.
9.9
18.4
Manufactured goods classified chiefly by material
-3.0
-3.4
Machinery and transport equipment
17.2
20.0
Miscellaneous manufactured articles
13.4
16.5


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




DECEMBER KEY POINTS


IMPORT PRICE INDEX
  • The Import Price Index increased by 10.8% in the December quarter 2008, driven mainly by rises in prices paid for office machines and ADP machines (+30.4%) and miscellaneous manufactured articles n.e.c. (+29.1%). There were offsetting falls in prices paid for petroleum, petroleum products and related materials (–25.2%). The 21.1% increase through the year to December quarter 2008 is the largest annual increase since December quarter 1985. These results were driven mainly by the depreciation of the Australian dollar against all major trading currencies.


EXPORT PRICE INDEX
  • The Export Price Index increased by 15.9% in the December quarter 2008 and 54.9% through the year to December quarter 2008, the largest quarterly and annual increases since the series began in September quarter 1974. The increase this quarter was driven by rises in prices received for coal, coke and briquettes (+36.5%) and metalliferous ores and metal scrap (+15.6%). There were offsetting falls in prices received for petroleum, petroleum products and related materials (-33.6%). These results were also driven by the depreciation of the Australian dollar.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
March 2009 17 April 2009
June 2009 17 July 2009
September 2009 23 October 2009
December 2009 22 January 2010



FORTHCOMING CHANGES

From the September quarter 2009, the content and format of tables 14, 15, 17 and 19 (available on the ABS website) will change to reflect the contemporary industrial classification (ANZSIC 2006). Some of the series in these tables may be affected by the change in ANZSIC classification. Details of the changes and any impact on the series in these tables will be provided in the March quarter 2009 issue of this publication.


ROUNDING

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


DATA REFERENCES

Data referenced in the Key points are available from the tables shown in this publication, or in the corresponding tables of this publication on the ABS website <http://www.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.


SUMMARY COMMENTARY


COMMENTARY

Links to Other Sections

To access the "Price Indexes and Contract Price Indexation" page use this link

Price Indexes and Contract Price Indexation


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