Advertisement
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):
Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement