PRICE INDEXES AND CONTRACT PRICE INDEXATION
MARCH QUARTER KEY FIGURES
 | Dec Qtr 06 to Mar Qtr 07 | Mar Qtr 06 to Mar Qtr 07 |
| % change | % change |
|
| Import Price Index all groups | -1.7 | -3.0 |
| Food and live animals | 0.2 | -1.3 |
| Beverages and tobacco | -0.7 | -6.7 |
| Crude materials | -3.1 | 0.8 |
| Mineral fuels, etc. | -5.9 | -13.3 |
| Animal and vegetable oils, etc. | -0.5 | 0.4 |
| Chemicals and related products | -0.7 | -0.1 |
| Manufactured goods by material | -1.2 | 6.2 |
| Machinery and transport equipment | -1.3 | -3.5 |
| Miscellaneous manufactured articles | -1.5 | -3.7 |
| Commodities and transactions n.e.s. | 3.6 | 10.4 |
| Export Price Index all groups | 0.0 | 5.8 |
| Food and live animals | 2.3 | 6.9 |
| Beverages and tobacco | 0.0 | -6.0 |
| Crude materials | 2.5 | 19.2 |
| Mineral fuels, etc. | -4.8 | -14.2 |
| Chemicals and related products | -0.1 | 4.5 |
| Manufactured goods by material | 0.2 | 29.1 |
| Machinery and transport equipment | -0.2 | -1.3 |
| Miscellaneous manufactured articles | -0.7 | -0.3 |
|
IMPORT PRICE INDEX: all groups, Quarterly % change
| EXPORT PRICE INDEX: all groups, Quarterly % change
|
MARCH QUARTER KEY POINTS
IMPORT PRICE INDEX
- The Import Price Index decreased by 1.7% in the March quarter 2007, mainly due to falls in the import prices of petroleum and related products, telecommunication equipment and copper products. This decrease was also partly driven by the appreciation of the Australian dollar against most major currencies. The most significant offsetting price increases were observed for imports of iron and steel products and fertilizers. This quarter's decrease follows a 3.2% decrease in December quarter 2006. Through the year to March quarter 2007 the Import Price Index decreased 3.0%.
EXPORT PRICE INDEX
- The Export Price Index was unchanged in the March quarter 2007, following a 0.2% increase in December quarter 2006. Commodities contributing significant price increases to the index this quarter were iron and nickel ores, wool and barley. The most significant price decreases were reported for exports of copper ores, refined copper, coal and zinc. Through the year to March quarter 2007 the Export Price Index rose 5.8%.
NOTES
FORTHCOMING ISSUES
| ISSUE (QUARTER) | Release Date |
| June 2007 | 20 July 2007 |
| September 2007 | 19 October 2007 |
CHANGES IN THIS ISSUE
There are no changes in this issue.
ROUNDING
Any discrepancies between totals and sums of components in this publication are due to rounding.
RELATED STATISTICS
For more information about statistics in this publication contact Lee Taylor on (02) 6252 6251, or email <lee.taylor@abs.gov.au>.
INQUIRIES
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070 or Lee Taylor on Canberra (02) 6252 6251.
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