The Australian Bureau of Statistics (ABS) released export and import prices for the June quarter, which portends another fall in Australia’s terms-of-trade when the national accounts are released in early October.
According to the ABS, export prices fell 4.4% in the June quarter and were down by 8.9% over the year. By contrast, import prices rose by 1.4% over the June quarter and by 1.3% over the year (see below table).