The Australian Bureau of Statistics (ABS) has released export and import prices for the December quarter, which portends a small lift in Australia’s terms-of-trade when the national accounts are released in early March.
According to the ABS, export prices rose by 2.8% over the December quarter and were up by 2.4% over the year, whereas import prices rose by 2.0% over the quarter and were up by 1.4% over the year: