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
March 2023
Released
28/04/2023

Key statistics

Final demand (excluding exports)

  • Rose 1.0% this quarter.
  • Rose 5.2% over the past twelve months.

What are the Producer Price Indexes (PPIs)?

What is Final demand?

Post Release Changes

The March quarter 2023 Final demand, Inputs to manufacturing, and Heavy and civil engineering indexes have been revised since their release in this publication.

The updated March quarter 2023 indexes are included in Producer Price Indexes publications from the June quarter 2023 onwards. Revised figures for March can be found in Time series spreadsheets (Tables 1, 13, 14, 17) and Data cubes (Tables 5 and 28). 

Changes in future issues

The review of the Input to mining PPI has been postponed to June quarter 2023. This will consist of an update of the weights for the Input to mining index.

From the June quarter 2023, the following changes will be included in the Time series spreadsheets:

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

Quarterly overview

Electricity and gas supply, and the Construction industry drove the increase in Final demand this quarter.

 Dec Qtr 22 to Mar Qtr 23Mar Qtr 22 to Mar Qtr 23
Final demand

% change

% change

Final demand (excl. exports)1.05.2

Index reference period: 2011-12 - 100.0.

The main contributors to quarterly growth in Final demand were:

  • Electricity and gas supply (+13.3%), due to long term contract renewals reflecting the recent higher prices caused by supply disruptions.
  • Output of building construction (+1.1%), due to continued demand in other and non-residential construction, ongoing skilled labour shortages and costs for materials.
  • Education and training services (+3.7%), due to tertiary education course fee increases.

Offsetting the rise were price falls in:

  • Petroleum refining and petroleum fuel manufacturing (-7.2%), due to a fall in global crude oil prices and high global fuel production.
  • Furniture and other manufacturing (-5.8%), due to reduced steel and timber prices, and lower shipping costs combined with exchange rate impacts.
  • Computer and electronic equipment manufacturing (-3.5%), due to lower shipping costs combined with exchange rate impacts.

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

From the March quarter 2023, the following additional indexes have been included in the Time Series Spreadsheets:

Table 35. Output of the Health care and social assistance industries will include group and class index numbers for:

  • Group 853 Allied health services
  • Class 8531 Dental services
  • Class 8532 Optometry and optical dispensing
  • Class 8533 Physiotherapy services
  • Class 8534 Chiropractic and osteopathic services
  • Class 8591 Ambulance services

The following Producer Price Index includes a re-weight this quarter:

  • 440 Accommodation

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.

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