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Producer Price Indexes, Australia

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Contains a range of producer price indexes in the Australian economy, comprising mining, manufacturing, construction and services industries.

Reference period
June 2022
Released
29/07/2022

Key statistics

Final demand (excluding exports)

  • Rose 1.4% this quarter.
  • Rose 5.6% over the past twelve months.

A review of the Construction PPIs will be undertaken in the September quarter 2022, consisting of an update of the weights for Other residential building construction and Non-residential construction.

Quarterly overview

 Mar Qtr 22 to Jun Qtr 22Jun Qtr 21 to Jun Qtr 22
Final demand

% change

% change

Final demand (excl. exports)1.45.6

The Final demand index rose 1.4%

The Final demand index rose 1.4%

Combination chart with 3 data series.
The chart has 1 X axis displaying Quarter.
The chart has 2 Y axes displaying % and index number.
End of interactive chart.

Index reference period: 2011-12 - 100.0.

The main contributors to quarterly growth in Final demand were:

  • Output of building construction (+3.9%), driven by continuing supply constraints for timber and metals, high freight costs and labour shortages.
  • Petroleum refining and petroleum fuel manufacturing (+31.5%) due to a decrease in global crude oil supplies and increased demand in response to easing COVID19 restrictions.
  • Heavy and civil engineering construction (+2.8%), due to increases in diesel and material prices coupled with skilled trade shortages and high freight costs.

The annual rise of 5.6% in Final demand to June 2022 is the strongest increase since December 2008.

Construction and Petroleum manufacturing industry price increases are driving the growth in quarterly Final demand

Construction and Petroleum manufacturing industry price increases are driving the growth in quarterly Final demand

Bar chart with 2 data series.
The chart has 1 X axis displaying Main contributors.
The chart has 1 Y axis displaying %. Data ranges from 2.8 to 94.8.
End of interactive chart.

Rounding

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

Construction

Mining industries

Manufacturing

Services

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Previous catalogue number

This release previously used catalogue number 6427.0.

Using price indexes

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.

Changes in this release

There have been no changes to this quarter's release 

See the full history of changes.

Additional information

The compilation of the quarterly Producer Price Index for the Output of the Retail Trade Industry, normally released as an additional update of the Producer Price Indexes, Australia (ABS cat. No. 6427.0), has been paused indefinitely as a result of changing priorities within the ABS as a result of the COVID-19 pandemic.