Producer Price Indexes, Australia

Latest release

Measures price change of goods and services as they leave or enter the production process

Reference period
September 2024
Released
1/11/2024
  • Next Release 31/01/2025
    Producer Price Indexes, Australia, December 2024
  • Next Release 2/05/2025
    Producer Price Indexes, Australia, March 2025
  • Next Release 1/08/2025
    Producer Price Indexes, Australia, June 2025
  • View all releases

Key statistics

Final demand (excluding exports)

  • Rose 1.0% this quarter.
  • Rose 3.9% over the past twelve months.

What are the Producer Price Indexes (PPIs)?

What is Final demand?

Quarterly overview

Final demand increased 1.0% this quarter primarily driven by Property operators (+1.9%) and Residential building construction (+0.9%). Property operator prices rose driven by higher fees linked to increased rents as demand continues to outweigh supply. Building construction prices rose as the labour market remains tight.

Usual September quarter drivers of growth had a reduced impact compared to the same period last year, with start of financial year price reviews, price indexation clauses and the Fair Work Minimum Wage and Award wage rise coming into effect. Annual growth in the September quarter was 3.9%, marking a return to below 4.0% annual growth for the first time since September 2023.

The main offset to the rise was a fall in Petroleum refining and petroleum fuel manufacturing prices (-9.4%), due to reduced demand globally for fuels and oils. This, together with increased supply for non-OPEC producers, resulted in lower global crude oil prices which led to lower import and overall production costs.

The main contributors to quarterly growth in Final demand were:

  • Property operators (+1.9%), driven by fees linked to increased rents, as demand for rental dwellings continues to outstrip supply in a constrained market.
  • Residential building construction (+0.9%), due to rising labour costs and shortages of skilled tradespeople, particularly finishing trades.

Partially offsetting the rise was a price fall in:

  • Petroleum refining and petroleum fuel manufacturing (-9.4%), due to reduced demand for oils and refined fuels. 
  1. Main contributors are ordered by quarterly contribution to index movement

Construction

Input to the house construction industry

Output of the construction industry

Mining

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

Post release changes

04/11/2024

The September quarter 2024 Final demand and Output of the Health care and social assistance industries have been revised since their release in this publication.

Revised figures for September can be found in Time series spreadsheets (Tables 1 and 35) and Data cubes (Table 5).

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 future issues

In the December quarter 2024 release, the Childcare Services Cost Index will be released as part of the Producer Price Index release. This is an analytical series which will measure changes in prices paid by childcare providers for the goods, services and labour required to provide childcare services to households. More detail on this series can be found in the information paper.

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