6457.0 - International Trade Price Indexes, Australia, Sep 2017 Quality Declaration 
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 26/10/2017   
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SEPTEMBER KEY FIGURES

Jun Qtr 17 to Sep Qtr 17
Sep Qtr 16 to Sep Qtr 17
% change
% change

Import Price Index all groups
-1.6
-0.4
Food and live animals
-2.6
-0.2
Beverages and tobacco
1.7
-1.0
Crude materials, inedible, except fuels
3.2
12.6
Mineral fuels, lubricants and related materials
-0.8
13.2
Animal and vegetable oils, fats and waxes
0.3
10.0
Chemicals and related products, n.e.s.
-0.8
2.6
Manufactured goods classified chiefly by material
-1.6
0.6
Machinery and transport equipment
-2.4
-4.5
Miscellaneous manufactured articles
-1.2
-1.1
Commodities and transactions, n.e.s.
-3.5
-8.0
Export Price Index all groups
-3.0
14.2
Food and live animals
-2.3
-2.0
Beverages and tobacco
10.8
9.7
Crude materials, inedible, except fuels
-1.3
10.1
Mineral fuels, lubricants and related materials
-6.3
46.0
Animal and vegetable oils, fats and waxes
-14.4
-22.1
Chemicals and related products, n.e.s.
-2.9
-0.3
Manufactured goods classified chiefly by material
0.5
16.6
Machinery and transport equipment
-3.6
-1.8
Miscellaneous manufactured articles
-3.0
-2.3
Commodities and transactions, n.e.s.
-2.9
-5.9


IMPORT PRICE INDEX: all groups, Quarterly % change
Graph: IMPORT PRICE INDEX: all groups, Quarterly % change

EXPORT PRICE INDEX: all groups, Quarterly % change
Graph: EXPORT PRICE INDEX: all groups, Quarterly % change




SEPTEMBER KEY POINTS


IMPORT PRICE INDEX
  • The Import Price Index fell 1.6% in the September quarter 2017. This follows a fall in the June quarter 2017 of 0.1%.
  • The fall was driven by lower prices paid for Telecommunication and sound recording equipment (-7.8%), Petroleum, petroleum products and related materials (-2.0%) and Office and automatic data processing machines (-4.7%).
  • Through the year to the September quarter 2017, the Import Price Index fell 0.4%, driven by Telecommunications and sound recording equipment (-15.9%).


EXPORT PRICE INDEX
  • The Export Price Index fell 3.0% in the September quarter 2017. This follows a fall in the June quarter 2017 of 5.7%
  • The fall was driven by lower prices received for Coal, coke and briquettes (-7.4%), Metalliferous ores and metal scrap (-1.5%) and Gas, natural and manufactured (-4.0%).
  • Through the year to the September quarter 2017, the Export Price Index rose 14.2%, driven by Coal, coke and briquettes (62.1%).


EXCHANGE RATE
  • The appreciation of the Australian dollar against the United States dollar had an downward effect on import and export prices in the September quarter 2017.


NOTES

FORTHCOMING ISSUES

ISSUE (QUARTER) Release Date
December 2017 1 February 2018
March 2018 26 April 2018
June 2018 26 July 2018
September 2018 1 November 2018



CHANGES IN THIS ISSUE

The Import Price Index and the Export Price Index have been reweighted for the September quarter 2017. These indexes are annually reweighted each September quarter using import and export values. A detailed explanation of the reweighting methodology and data sources is available in paragraphs 8-10 of the Explanatory Notes. The new weighting patterns are provided in the Appendix of this issue. As a consequence of the annual reweighting, the points contribution data for the June quarter 2017 shown in Tables 2, 8 and 17 have been updated from that published in the previous issue of this publication.


INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.