The Australian Bureau of Statistics (ABS) today released Producer Price Index (PPI) data for the June quarter, which registered a 0.3% quarterly increase in final (stage 3) prices and an increase of only 1.1% over the year:
The 0.3% increase in final (stage 3) prices was driven primarily by increases in the prices received for petroleum refining and petroleum fuel manufacturing (+18.2%) and building construction (+0.8%), partly offset by falls in the prices received for accommodation (-8.6%) and bakery products (-6.1%).
