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PRICE INDEXES AND CONTRACT PRICE INDEXATION


DECEMBER QUARTER KEY FIGURES

	Sep Qtr 06 to Dec Qtr 06	Dec Qtr 05 to Dec Qtr 06
	% change	% change
Import Price Index all groups	-3.2	0.0
Food and live animals	-0.6	-0.9
Beverages and tobacco	3.5	-6.8
Crude materials	-0.3	5.5
Mineral fuels, etc.	-16.8	-1.3
Animal and vegetable oils, etc.	-5.0	5.7
Chemicals and related products	-0.6	-0.3
Manufactured goods by material	0.3	9.4
Machinery and transport equipment	-1.3	-2.4
Miscellaneous manufactured articles	-0.5	-0.7
Commodities and transactions n.e.s.	-2.1	22.1
Export Price Index all groups	0.2	11.1
Food and live animals	4.1	7.0
Beverages and tobacco	0.3	-5.5
Crude materials	2.6	22.4
Mineral fuels, etc.	-5.7	-6.9
Chemicals and related products	-2.1	9.5
Manufactured goods by material	4.0	46.0
Machinery and transport equipment	0.4	-0.4
Miscellaneous manufactured articles	-0.5	1.6

IMPORT PRICE INDEX: all groups, Quarterly % change

EXPORT PRICE INDEX: all groups, Quarterly % change

DECEMBER QUARTER KEY POINTS


IMPORT PRICE INDEX

• The Import Price Index decreased by -3.2% in the December quarter 2006, mainly due to falls in the prices of both petroleum and related products, and machinery and transport equipment. There were no significant offsetting price increases. This quarter's decrease follows a -0.3% decrease in September quarter 2006. As the index number for December quarter 2006 for the Import Price Index was 115.7, the same index number as December quarter 2005, the Import Price Index showed 0.0% movement through the year to December quarter 2006.

• The Export Price Index increased by 0.2% in the December quarter 2006, following a 1.9% increase in September quarter 2006. The December quarter 2006 increase in the Export Price Index was the 7th consecutive quarter of increases in export prices. The increase this quarter was driven by price rises for exports of metalliferous ores and metal scrap, nickel and zinc products, and cereal grains. These price increases were mostly offset by price falls for exports of coal and both crude and refined petroleum products. Through the year to December quarter 2006, the Export Price Index rose 11.1%.