The Australian Bureau of Statistics (ABS) released export and import prices for the December quarter, which portends a smaller than expected fall in Australia’s terms-of-trade when the national accounts are released in early March.
According to the ABS, export prices were dead flat in the December quarter but were down by 9.1% over the year. By contrast, import prices rose by 0.9% over the December quarter and by 0.3% over the year (see below table).