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):

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

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.