Australia – Q1 2014 PPI: +0.9% q/q (expected +0.6%)

Australia – Q1 2014 PPI: +0.9% q/q

• expected +0.6%
• prior was 0.2%

For the y/y +2.5%

• expected 2.2%
• prior was 1.9%

This data comes out come out once a quarter in Australia.

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Just over a weak ago we got a CPI result tamer than expected: Australia Q1 2014 CPI – all the results & what it means for the Australian dollar

Says Westpac:

The PPI does highlight that the weaker AUD though 2013 is having an inflationary impact on Australia prices. But this has not been enough to produce a significant increase in upstream price pressure. As such, today’s PPI release is consistent with the theme that the recent modest lift in the Australian inflation is associated with one off events that are boosting ongoing administrative price inflation.