Australia's final demand producer price index climbed by 0.9% quarter-on-quarter in Q1 of 2024, the same pace as in the previous quarter. It was the 15th straight period of growth, amid rising operating costs and higher prices linked to fees in services output. The main upward contributors were the output of tertiary education (+5.3%), due to advancing operating costs and higher tuition fees; property operators (+2.1%), boosted by fees linked to increased rents as demand for rental dwellings outstrips supply; non-residential building construction (+1.8%), driven by competition with other sectors for skilled labour and materials, and rising margins applied to manage resource availability risk; and residential building construction (+1.3%), amid ongoing skilled labour and material shortages, particularly for the finishing stages of house building. Through the year to Q1, producer prices rose by 4.3%, the most in a year, accelerating from a 4.1% rise in the fourth quarter of 2023. source: Australian Bureau of Statistics

Producer Price Inflation MoM in Australia remained unchanged at 0.90 percent in the first quarter of 2024 from 0.90 percent in the fourth quarter of 2023. Producer Price Inflation MoM in Australia averaged 0.59 percent from 1998 until 2024, reaching an all time high of 1.90 percent in the first quarter of 2008 and a record low of -1.20 percent in the second quarter of 2020. This page includes a chart with historical data for Australia Producer Price Inflation QoQ. Australia Producer Price Inflation QoQ - data, historical chart, forecasts and calendar of releases - was last updated on April of 2024.

Producer Price Inflation MoM in Australia remained unchanged at 0.90 percent in the first quarter of 2024 from 0.90 percent in the fourth quarter of 2023. Producer Price Inflation MoM in Australia is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Producer Price Inflation QoQ is projected to trend around 0.40 percent in 2025 and 0.30 percent in 2026, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-02 12:30 AM
PPI QoQ
Q4 0.9% 1.8% 0.6%
2024-04-26 01:30 AM
PPI QoQ
Q1 0.9% 0.9% 0.6%
2024-07-28 01:30 AM
PPI QoQ
Q2 0.9% 0.5%


Related Last Previous Unit Reference
Commodity Prices YoY -15.30 -15.30 percent Mar 2024
CPI 137.40 136.10 points Mar 2024
Core Consumer Prices 136.04 134.69 points Mar 2024
RBA Trimmed Mean CPI YoY 4.00 4.20 percent Mar 2024
CPI Housing Utilities 148.60 147.50 points Mar 2024
CPI Transportation 131.20 130.50 points Mar 2024
Export Prices 169.50 173.10 points Mar 2024
Export Prices -2.10 5.60 percent Mar 2024
Food Inflation 3.80 4.50 percent Mar 2024
GDP Chain Price Index 108.50 106.30 points Dec 2023
GDP Deflator 109.13 107.85 points Dec 2023
Import Prices 131.70 134.10 points Mar 2024
Import Prices -1.80 1.10 percent Mar 2024
Consumer Inflation Expectations 4.60 4.30 percent Apr 2024
Inflation Rate YoY 3.60 4.10 percent Mar 2024
Inflation Rate 1.00 0.60 percent Mar 2024
TD-MI Inflation Gauge MoM 0.10 -0.10 percent Mar 2024
Monthly CPI Indicator 3.50 3.40 percent Mar 2024
PPI 0.90 0.90 percent Mar 2024
Producer Prices 129.40 128.20 points Mar 2024
PPI YoY 4.30 4.10 percent Mar 2024
Rent Inflation 7.80 7.30 percent Mar 2024
Services Inflation 4.30 4.60 percent Mar 2024
RBA Trimmed Mean CPI 1.00 0.80 percent Mar 2024
RBA Weighted Median CPI 1.10 0.90 percent Mar 2024
RBA Weighted Median CPI YoY 4.40 4.40 percent Mar 2024

Australia Producer Price Inflation QoQ
In Australia, the Producer Price Inflation QoQ measures a quarter-over-quarter change in the price of goods and services sold by manufacturers and producers in the wholesale market.
Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.90 1.90 -1.20 1998 - 2024 percent Quarterly
NSA

News Stream
Australia Producer Prices Rise 0.9% in Q1
Australia's final demand producer price index climbed by 0.9% quarter-on-quarter in Q1 of 2024, the same pace as in the previous quarter. It was the 15th straight period of growth, amid rising operating costs and higher prices linked to fees in services output. The main upward contributors were the output of tertiary education (+5.3%), due to advancing operating costs and higher tuition fees; property operators (+2.1%), boosted by fees linked to increased rents as demand for rental dwellings outstrips supply; non-residential building construction (+1.8%), driven by competition with other sectors for skilled labour and materials, and rising margins applied to manage resource availability risk; and residential building construction (+1.3%), amid ongoing skilled labour and material shortages, particularly for the finishing stages of house building. Through the year to Q1, producer prices rose by 4.3%, the most in a year, accelerating from a 4.1% rise in the fourth quarter of 2023.
2024-04-26
Australia Producer Inflation Eases to 0.9% in Q4
Australia's final demand producer price index increased by 0.9% quarter-on-quarter in Q4 of 2023, slowing from a year-high of 1.8% rise in Q3. It was the 14th straight period of growth amid high crude oil and energy prices. Main upward contributors were the output of building construction (+1.9%) due to ongoing skilled labor shortages and increases in margins to mitigate against the risk of resource availability over longer-term projects; motor vehicle and motor vehicle part manufacturing (+2.4%), boosted by rises in import prices and increased manufacturing costs over the past year; and output of heavy and civil engineering construction (+0.6%), amid ongoing skilled labor shortages and increases in operating costs of machinery. Through the year to Q4, producer prices advanced by 4.1%, the most in three quarters, accelerating from a 3.80% gain in the third quarter, which was the highest pace since the fourth quarter of 2021.
2024-02-02
Australia Producer Inflation at 1-Year High
Australia's final demand producer price index advanced by 1.8% quarter-on-quarter in Q3 of 2023, accelerating from a 0.5% gain in Q2, which was the lowest in over two years. It was the 13th straight period of growth and the fastest pace since the third quarter of 2022 amid higher prices. The main upward contributors were the output of building construction (+1.3%), due to ongoing skilled labour shortages and increased manufacturing costs for materials; petroleum refining and petroleum fuel manufacturing (+10.7%), amid strong global crude oil prices following reduced global supply, and the depreciating exchange rate; and electricity supply, gas supply, water supply, sewerage and drainage services (+5.9%), driven by rises in supply and usage charges following annual reviews, reflecting increases in wholesale electricity costs. Through the year to Q2, producer prices increased by 3.8%, the least since the fourth quarter of 2021, easing from a 3.90% growth in the second quarter.
2023-10-27