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The Australian Bureau of Statistics (ABS) today released Producer Price Index (PPI) data for the June quarter, which registered a 1.4% quarterly increase in final prices to be 5.6% higher over the year:
It was the strongest lift in the PPI since December 2008.
The key growth drivers were:
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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.