The Australian Bureau of Statistics (ABS) has released its International Trade Price Indexes for the March quarter of 2022, which revealed that export prices soared by 18.0% over the quarter and by 46.7% through the year.
By contrast, the import price index rose by 5.1% this quarter but fell 19.3% through the year.
Surging coal, iron ore, gas and petroleum prices drove the rise in export prices: