The Australian Bureau of Statistics (ABS) today released Producer Price Index (PPI) data for the December quarter, which has registered a 0.1% quarterly increase in final (stage 3) prices and an increase of only 1.1% over the year:
The 0.1% increase in final (stage 3) prices was driven primarily by increases in the prices received for building construction (+0.6%), other transport equipment manufacturing (+5.8%), and computer and electronic equipment manufacturing (+5.5%), partly offset by falls in the prices received for petroleum refining and petroleum fuel manufacturing (-11.7%).
