6427.0.55.003 - Information Paper: Review of the Producer and International Trade Price Indexes, 2011

ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 02/09/2011 First Issue

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Contents Preface Chapter 1 – Summary: Issues on which the ABS seeks user views Chapter 2 – Principal purpose of the Producer and International Trade Price Indexes Chapter 3 – Coverage of the Producer and International Trade Price Indexes and meeting stakeholder requirements Chapter 4 – The organising structure for the Producer and International Trade Price Indexes Chapter 5 – Frequency and timing of the Producer and International Trade Price Index releases Chapter 6 – Other issues Chapter 7 - Review Schedule About this Release Producer and International Trade Price Indexes up for review (Media Release)	CHAPTER 7 – REVIEW SCHEDULE INTRODUCTION 7.1 This review provides an opportunity for public involvement in the ongoing evolution of the producer and international trade price indexes. This chapter presents a detailed timetable for the review. SEPTEMBER TO OCTOBER 2011 Release paper 7.2 Release and widely distribute this information paper to index users. Invite organisations or individuals to make written submissions, by 14 October 2011, on any aspect of the review. Undertake consultation 7.3 In addition to releasing this paper, there will be two stages in the formal consultative process: i) inviting public submissions; and ii) discussion of issues with the key data users. DECEMBER 2011 Finalise outcomes 7.4 Final decisions on the outcome of the review issues must be made by the ABS by the end of December 2011 in order to complete the work required to introduce the new series in the September quarter 2012. FEBRUARY 2012 Communicate outcomes 7.5 An information paper, Outcome of the Producer and International Trade Price Index Review, will set out the review results. MAY 2012 Estimate new weights 7.6 The new weighting patterns for the PPIs based on 2007/08 Input-Output data will be derived. AUGUST 2012 Link series 7.7 The process of linking the old and the new PPI series is an important component of the implementation of the review. This task cannot be completed until the June quarter 2012 PPI and ITPI are published in late July 2012. OCTOBER 2012 Introduce re-weighted series 7.8 The re-weighted series will be introduced in respect of the September quarter 2012. LATE 2012 Publish updated guide 7.9 An updated Producer and International Trade Price Index Concepts, Sources and Methods publication will be released in due course. Document Selection These documents will be presented in a new window.