PPI inches out of deflation

Friday 30 October 2020

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.