The Australian Bureau of Statistics (ABS) has released export and import prices for the June quarter, which portends a solid fall in Australia’s terms-of-trade when the national accounts are released in early September.
According to the ABS, export prices fell by 5.7% over the June quarter but were up by 22.5% over the year, whereas import prices fell by 0.1% over the quarter but were up by 0.3% over the year:
