PPI confirms lowflation

Tuesday, 25 February 2020

The Australian Bureau of Statistics (ABS) today released Producer Price Index (PPI) data for the December quarter, which registered a 0.3% quarterly rise in final (stage 3) prices:

Over the year, final prices increased by only 1.4%:

Finally, the below chart compares annual changes in the final PPI against the Consumer Price Index (CPI):

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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.