6457.0 - International Trade Price Indexes, Australia, Jun 2019 Quality Declaration 
ARCHIVED ISSUE Released at 11:30 AM (CANBERRA TIME) 01/08/2019   
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June Quarter Key Statistics


Import price index

  • Rose 0.9% this quarter
  • Rose 2.8% over the last twelve months.

Main positive contributors are:
  • Petroleum, petroleum products and related materials (+6.1%) and
  • Other transport equipment (+7.1%).

Offsetting falls occurred in:
  • Telecommunications and sound-recording and reproducing apparatus and equipment (–1.4%) and
  • Inorganic chemicals (–10.9%).

Export price index
  • Rose 3.8% this quarter
  • Rose 17.4% over the last twelve months

Main positive contributors are:
  • Metalliferous ores and metal scrap (+21.4%),
  • Petroleum, petroleum products and related materials (+8.9%),
  • Meat and meat preparations (+4.6%) and
  • Gold, non-monetary (excluding gold ores and concentrates) (+2.0%).

Offsetting falls occurred in:
  • Gas, natural and manufactured (–17.8%),
  • Coal, coke and briquettes (–5.4%) and
  • Cereals and cereal preparations (–4.9%)

Exchange rate
  • The Australian dollar depreciated against the United States dollar.
  • This had an upward effect on import and export prices this quarter.

Mar Qtr 19 to Jun Qtr 19
Jun Qtr 18 to Jun Qtr 19
% change
% change
Import Price Index all groups
0.9
2.8
Food and live animals
4.2
4.6
Beverages and tobacco
-1.5
2.5
Crude materials, inedible, except fuels
-2.6
-3.2
Mineral fuels, lubricants and related materials
2.6
-1.9
Animal and vegetable oils, fats and waxes
-2.5
-11.9
Chemicals and related products, n.e.s.
-0.2
-0.6
Manufactured goods classified chiefly by material
1.2
7.8
Machinery and transport equipment
0.3
3.4
Miscellaneous manufactured articles
0.5
4.0
Commodities and transactions, n.e.s.
2.1
8.3
Export Price Index all groups
3.8
17.4
Food and live animals
0.7
9.2
Beverages and tobacco
1.0
6.5
Crude materials, inedible, except fuels
18.9
47.5
Mineral fuels, lubricants and related materials
-9.3
1.5
Animal and vegetable oils, fats and waxes
8.0
5.5
Chemicals and related products, n.e.s.
0.4
0.7
Manufactured goods classified chiefly by material
-0.4
-4.2
Machinery and transport equipment
1.2
4.0
Miscellaneous manufactured articles
0.3
4.4
Commodities and transactions, n.e.s.
2.1
9.4



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


Use of price indexes in contracts


Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).

Use of Price Indexes in Contracts sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.