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The Australian Bureau of Statistics (ABS) today released Producer Price Index (PPI) data for the September quarter, which registered a 0.2% quarterly rise in final (stage 3) prices and an increase of only 1.6% over the year:
The 0.2% rise in final (stage 3) prices was driven primarily by rises in the prices received for Electricity, gas and water supply (+4.9%), Heavy and civil engineering construction (+0.7%) and Building construction (+0.3%), partly offset by falls in the prices received for Other agriculture (-11.6%), Electronic equipment manufacturing (-4.5%) and Meat and meat product manufacturing (-6.0%).
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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