Q1 export price index: 3.6% q/q
- expected 1.5%, prior was -0.5%
Q1 import price index: 3.2% q/q
- expected +1.8%, prior was -0.6%
- Both well in excess of median expectation
From the Australian Bureau of Statistics:
The Import Price Index rose 3.2% in the March quarter 2014. This increase was driven primarily by the depreciation of the Australian dollar against major trading currencies, as well as rises in the prices paid for petroleum, petroleum products and related materials (+3.6%), electrical machinery, etc. and parts thereof (+4.7%), and general industrial machinery and equipment, n.e.s., and machine parts, n.e.s. (+2.4%).
and
The Export Price Index rose 3.6% in the March quarter 2014. This increase was driven mainly by rises in the prices received for gas, natural and manufactured (+18.7%), metalliferous ores and metal scrap (+3.1%), meat and meat preparations (+8.4%), gold, non-monetary (excluding gold, ores and concentrates) (+4.5%), non-ferrous metals (+5.1%) and petroleum, petroleum products and related materials (+3.2%).
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For the y/y:
- Through the year to the March quarter 2014, the Import Price Index rose 8.6%.
- Through the year to the March quarter 2014, the Export Price Index rose 7.0%.
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Earlier data today:
