6457.0 - International Trade Price Indexes, Australia, Jun 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 27/07/2017   
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JUNE KEY FIGURES

Mar Qtr 17 to Jun Qtr 17
Jun Qtr 16 to Jun Qtr 17
% change
% change

Import Price Index all groups
-0.1
0.3
Food and live animals
0.8
2.1
Beverages and tobacco
-3.6
-3.9
Crude materials, inedible, except fuels
-2.9
12.3
Mineral fuels, lubricants and related materials
-4.8
13.9
Animal and vegetable oils, fats and waxes
1.9
15.9
Chemicals and related products, n.e.s.
1.7
2.1
Manufactured goods classified chiefly by material
1.9
0.6
Machinery and transport equipment
-0.3
-3.1
Miscellaneous manufactured articles
1.0
-2.2
Commodities and transactions, n.e.s.
4.2
-0.8
Export Price Index all groups
-5.7
22.5
Food and live animals
1.8
3.4
Beverages and tobacco
1.0
-5.5
Crude materials, inedible, except fuels
-13.1
16.4
Mineral fuels, lubricants and related materials
-4.8
68.3
Animal and vegetable oils, fats and waxes
-15.6
-0.4
Chemicals and related products, n.e.s.
-1.5
2.2
Manufactured goods classified chiefly by material
-0.5
18.7
Machinery and transport equipment
0.5
1.3
Miscellaneous manufactured articles
1.0
-0.4
Commodities and transactions, n.e.s.
3.1
0.6


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 KEY POINTS


IMPORT PRICE INDEX
  • The Import Price Index fell 0.1% in the June quarter 2017. This follows the rise in the March quarter 2017 of 1.2%.
  • The fall was driven by lower prices paid for Mineral fuels, lubricants, and related materials (-4.8%) and Machinery and transport equipment (-0.3%). Offsetting these price falls were rises in Manufactured goods classified chiefly by material (+1.9%); Chemicals and related products, n.e.s. (+1.7%); and Miscellaneous manufactured articles (+1.0%).
  • Through the year to the June quarter 2017, the Import Price Index rose 0.3%, driven by Mineral fuels, lubricants, and related materials (+13.9%).


EXPORT PRICE INDEX
  • The Export Price Index fell 5.7% in the June quarter 2017. This follows the rise in the March quarter 2017 of 8.8%
  • The fall was driven by lower prices received for Crude materials, inedible, except fuels (-13.1%) and Mineral fuels, lubricants, and related materials (-4.8%). Offsetting these price falls were rises in Food and live animals (+1.8%) and Commodities and transactions, n.e.s. (e.g. non-monetary gold) (+3.1%).
  • Through the year to the June quarter 2017, the Export Price Index rose 22.5%, driven by Mineral fuels, lubricants, and related materials (+68.3%).


EXCHANGE RATE
  • The depreciation of the Australian dollar against major trading currencies had an upward effect on import and export prices in the June quarter 2017.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
September 2017 26 October 2017
December 2018 1 February 2018
March 2018 26 April 2018
June 201826 July 2018



REVISIONS TO THE EXPORT PRICE INDEX

This June quarter issue of the International Trade Price Indexes, Australia (cat. no. 6457.0) includes revisions to the Export Price Index (EPI) for the September quarter 2016, December quarter 2016 and March quarter 2017.

The revisions are a result of receiving updated data used to compile the EPI for coal. The revision to the EPI will also result in revisions to the estimates of coal volumes published in the Balance of Payments and International Investment Position, Australia, June 2017 (cat. no. 5302.0) to be released on 5 September 2017 and the Australian National Accounts: National Income, Expenditure and Product, June 2017 (cat. no. 5206.0) which will be released on 6 September 2017.

The most significant revisions affected the following SITC series in the EPI:
  • All groups;
  • 3 Mineral fuels, lubricants and related materials;
  • 32 Coal, coke and briquettes

These series and other related series, including ANZSIC Division (B) Mining, are annotated in the time series spreadsheets and data cubes.


INQUIRIES

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