DECEMBER KEY FIGURES

	Sep Qtr 11 to Dec Qtr 11	Dec Qtr 10 to Dec Qtr 11
STAGE OF PRODUCTION	% change	% change
Final (Stage 3) commodities (excl. exports)	0.3	2.9
Domestic	0.0	3.2
Imports	2.3	0.6
Intermediate (Stage 2) commodities	0.3	4.9
Domestic	0.1	4.4
Imports	2.3	8.4
Preliminary (Stage 1) commodities	0.4	5.9
Domestic	0.2	5.0
Imports	2.2	12.7

Final Stage, Base 1998–99 = 100.0

Final Stage, Quarterly % change

DECEMBER KEY POINTS


FINAL (STAGE 3) COMMODITIES

• rose 0.3% in the December quarter 2011.
• mainly due to rises in the prices received for industrial machinery and equipment manufacturing (+3.2%), other manufacturing (+3.1%) and motor vehicle and part manufacturing (+1.4%).
• partly offset by falls in the prices received for other agriculture (–21.8%) and flour mill and cereal food manufacturing (–6.1%).
• rose 2.9% through the year to the December quarter 2011.

INTERMEDIATE (STAGE 2) COMMODITIES

• rose 0.3% in the December quarter 2011.
• mainly due to rises in the prices received for oil and gas extraction (+3.4%), petroleum refining (+3.5%) and other agriculture (+3.5%).
• partly offset by falls in the prices received for grain, sheep, beef and dairy cattle farming (–4.6%) and basic non–ferrous metal manufacturing (–10.4%).
• rose 4.9% through the year to the December quarter 2011.

PRELIMINARY (STAGE 1) COMMODITIES

• rose 0.4% in the December quarter 2011.
• mainly due to rises in the prices received for oil and gas extraction (+3.4%), petroleum refining (+3.4%), and property operators and developers (+0.8%).
• partly offset by falls in the prices received for basic non–ferrous metal manufacturing (–10.4%).
• rose 5.9% through the year to the December quarter 2011.

NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER)	Release Date
March 2012	23 April 2012
June 2012	23 July 2012
September 2012	22 October 2012
December 2012	21 January 2013

REVIEW OF THE PRODUCER AND INTERNATIONAL TRADE PRICE INDEXES

The ABS will publish the outcomes from a major review of the Producer and International Trade Price Indexes on 28 February 2012. More information on the review can be found in Information Paper: Review of the Producer and International Trade Price Indexes, 2011 (cat. no. 6427.0.55.003).


CHANGES IN FUTURE RELEASES

From the September quarter 2012, all index numbers will be calculated on a new reference base of 2011–12. This will result in the index numbers for each index series being reset to 100.0 for the financial year 2011–12. Period–to–period percentage changes may differ slightly to those previously published due to rounding and the re–referencing. These differences do not constitute a revision.

Further information on re–referencing can be found in chapter 12 of Information Paper: Producer and International Trade Price Indexes, Concepts, Sources and Methods, 2006 (cat. no. 6429.0).


ROUNDING

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


DATA REFERENCES

Data referenced in the Key Points and Commentary are available from the tables shown in this publication, or in the corresponding tables of this publication on the ABS website <https://www.abs.gov.au>.


INQUIRIES

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


SUMMARY COMMENTARY


COMMENTARY

Links to Other Parts of This Release

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Price Indexes and Contract Price Indexation