6457.0 - International Trade Price Indexes, Australia, Mar 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 27/04/2017   
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MARCH KEY FIGURES

Dec Qtr 16 to Mar Qtr 17
Mar Qtr 16 to Mar Qtr 17
% change
% change

Import Price Index all groups
1.2
-0.6
Food and live animals
2.2
-2.9
Beverages and tobacco
3.0
0.4
Crude materials, inedible, except fuels
6.1
13.8
Mineral fuels, lubricants and related materials
9.2
36.2
Animal and vegetable oils, fats and waxes
6.2
12.7
Chemicals and related products, n.e.s.
1.9
-2.7
Manufactured goods classified chiefly by material
0.2
-4.1
Machinery and transport equipment
-0.9
-4.8
Miscellaneous manufactured articles
0.3
-5.2
Commodities and transactions, n.e.s.
-1.0
-1.9
Export Price Index all groups
9.4
29.1
Food and live animals
-0.4
-0.7
Beverages and tobacco
-0.4
-8.4
Crude materials, inedible, except fuels
17.1
44.4
Mineral fuels, lubricants and related materials
11.0
59.2
Animal and vegetable oils, fats and waxes
-3.9
10.1
Chemicals and related products, n.e.s.
3.1
2.2
Manufactured goods classified chiefly by material
9.7
20.4
Machinery and transport equipment
-0.3
-0.3
Miscellaneous manufactured articles
-0.1
-2.6
Commodities and transactions, n.e.s.
0.0
0.5


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




MARCH KEY POINTS


IMPORT PRICE INDEX
  • The Import Price Index rose 1.2% in the March quarter 2017. This follows the rise in the December quarter 2016 of 0.2%.
  • The rise was driven by higher prices received for Mineral fuels, lubricants, and related materials (+9.2%) and Chemical and related products, n.e.s. (+1.9%). Offsetting these price rises were falls in Machinery and transport equipment (-0.9%) and Commodities and transactions, n.e.s. (e.g. non-monetary gold) (-1.0%).
  • Through the year to the March quarter 2017, the Import Price Index fell 0.6%, driven by Machinery and transport equipment (-4.8%).


EXPORT PRICE INDEX
  • The Export Price Index rose 9.4% in the March quarter 2017. This follows the rise in the December quarter 2016 of 12.4%, which was the largest rise since June quarter 2010.
  • The rise was driven by higher prices received for Crude materials, inedible, except fuels (+17.1%) and Mineral fuels, lubricants, and related materials (+11.0%). Offsetting these price rises was a fall in Food and live animals (-0.4%).
  • Through the year to the March quarter 2017, the Export Price Index rose 29.1%. The largest annual rise in the index since March quarter 2009.


EXCHANGE RATE
  • The appreciation of the Australian dollar against major trading currencies had a downward effect on import and export prices in the March quarter 2017.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
June 2017 27 July 2017
September 2017 26 October 2017
December 2018 1 February 2018
March 2018 26 April 2018



INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.