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The Australian Bureau of Statistics (ABS) today released Producer Price Index (PPI) data for the September quarter, which registered a 0.4% quarterly rise in final (stage 3) prices, following the record 1.2% decline over the June quarter:
This follows the 1.6% rebound in the CPI over the September quarter.
Over the year, the PPI fell by 0.4%:
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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.