This publication and associated time series spreadsheets and data cubes contain a range of Producer Price Indexes. Economy-wide indexes are presented within a Final demand index framework in this publication. Additionally, indexes relating to all products (goods or services) that are used or produced by establishments classified to specific industries (selected Mining, Manufacturing, Construction and Services industries).
The suite of Producer Price Indexes are calculated on an index reference period of 2011-12 = 100.0, with some exceptions. Selected series in Table 35 - Output of the Health care and social assistance industries, group and class index numbers are calculated on an index reference period of 2012-13 = 100.0. Selected series in Table 27 - Output of the Other services industries, group and class index numbers and series in Table 36 - Output of the Mining industries are calculated on an index reference period of 2015-16 = 100.0.
Development
From March quarter 2022, the weights of the Final demand, Input to the Manufacturing, Output of the Manufacturing, Output of the Services, and Output of the mining indexes, were updated in line with the 2018/19 Australian National Accounts: Input-Output (I-O) tables. Additionally, index structures have been updated in accordance with changes in I-O. As a consequence of the re-weight, the points contributions for March quarter 2022 will not be comparable with the points contributions from earlier periods.
In December quarter 2019, the ABS made the decision to discontinue the Stage of Production (SOP) series, and instead produce only the Final Demand (excluding exports) series. Final products are those that are ready to be sold for immediate consumption, capital formation or export. Tables and Data Cubes published in this series are:
- Table 1 Final demand, Index Numbers and Percentage Changes and,
- Table 5 Final demand: Contribution to Final demand index by industry - index points.
In the September quarter 2012, recommendations arising from the 2011 Review of the Producer and International Trade Price Indexes were implemented. The outcomes of this review are recorded in the Information Paper: Outcome of the Review of the Producer and International Trade Price Indexes. Major changes are summarised below:
- The index structures have been updated to represent industries rather than products primary to industries. This aligns with the principal purpose of the Producer Price Indexes, which is to measure inflation by industry to support the compilation of the Australian National Accounts and Balance of Payments.
- The Final demand indexes are presented using the Australian and New Zealand Standard Industrial Classification, 2006 edition (ANZSIC 2006). This brings them in line with the industry specific indexes.
- All index numbers are calculated on the index reference period 2011-12 = 100.0, except where otherwise stated (e.g. introduction of new indexes).