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 2023
Released
28/07/2023

Key statistics

Final demand (excluding exports)

  • Rose 0.5% this quarter.

  • Rose 3.9% over the past twelve months.

What are the Producer Price Indexes (PPIs)?

What is Final demand?

Changes in this issue

The June quarter 2023 issue contains revisions to March quarter 2023 in the following indexes:

  • Final demand.
  • Inputs to the manufacturing industries.
  • Heavy and civil engineering construction.

Revised figures for March are included in Time series spreadsheets (Tables 1, 13, 14, 17) and Data cubes (Tables 5 and 28). 

The June quarter 2023 issue of the Producer Price Indexes includes the re-weighted price index for Input to coal mining.

Quarterly overview

Prices in Final demand increased 0.5% this quarter, the lowest quarterly growth since March 2021. While price increases have largely moderated, the Construction industry continues to drive growth in Final demand.

 Mar Qtr 23 to Jun Qtr 23Jun Qtr 22 to Jun Qtr 23
Final demand

% change

% change

Final demand (excl. exports)0.53.9

Index reference period: 2011-12 - 100.0.

The main contributors to quarterly growth in Final demand were:

  • Output of building construction (+0.9%), due to ongoing skilled labour shortages and the passing through of manufacturing costs from energy intensive materials. 

  • Heavy and civil engineering construction (+0.8%), due to ongoing skilled labour shortages and the passing through of recent price increases for electricity and freight.

  • Cafes, restaurants and takeaway food services (+1.7%), due to increased input and operational costs.

Offsetting the rise were price falls in:

  • Accommodation (-10.7%), due to usual seasonal falls following the peak holiday period, and reduced discretionary spending.

  • Motor vehicle and motor vehicle part manufacturing (-2.8%), due to price cuts in some luxury and high-end vehicles.

  • Petroleum refining and petroleum fuel manufacturing (-4.2%), due to a fall in global crude oil prices and high global fuel production.

Rounding

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

Construction

Input to the house construction industry

Output of the construction industry

Mining industries

Input to the coal mining industry

Output of the mining industry

Manufacturing

Input to the manufacturing industry

Output of the manufacturing industry

Services

Output of the services industries

Data downloads

Data files
Data files

Data Explorer datasets

Caution: Data in Data Explorer is currently released after the 11:30am release on the ABS website. Please check the reference period when using Data Explorer.

For more information about Data Explorer, see the Data Explorer user guide.

Final demand

Construction

Mining industries

Manufacturing

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

The June quarter 2023 issue contains revisions to March quarter 2023 in the following indexes:

  • Final demand.
  • Inputs to the manufacturing industries.
  • Heavy and civil engineering construction.

Revised figures for March are included in Time series spreadsheets (Tables 1, 13, 14, 17) and Data cubes (Tables 5 and 28). 

The June quarter 2023 issue of the Producer Price Indexes includes the re-weighted price index for Input to coal mining.

This issue includes the following changes in the Time series spreadsheets:

  • 'Table 13. Input to the Manufacturing industries, division and selected industries, index numbers and percentage changes' has been renamed 'Table 13. Inputs from selected Subdivisions and Groups to the Manufacturing Division, index numbers and percentage changes'.
  • Series ID A2309057L, 'Agriculture' has been renamed 'Agriculture to Manufacturing'.
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