The Australian Bureau of Statistics (ABS) has released export and import prices for the September quarter, which portends yet another fall in Australia’s terms-of-trade when the national accounts are released in early December.
According to the ABS, export prices were dead flat in the September quarter and were down by 5.2% over the year. However, import prices rose by 1.4% over the September quarter and by 3.5% over the year (see below table).
