Producer Price Indexes, Australia

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Contains a range of producer price indexes in the Australian economy, comprising mining, manufacturing, construction and services industries.

Reference period
March 2022
Released
29/04/2022

Key statistics

Final demand (excluding exports)

  • Rose 1.6% this quarter.
  • Rose 4.9% over the past twelve months.

What are the Producer Price Indexes (PPIs)?

What is Final Demand?

Producer Price Index (PPIs) weight update, 2022

As advertised in the December quarter publication, a number of the PPIs have been reweighted for the March quarter 2022. Indexes are reweighted using ABS Australian National Accounts - Input Output (I-O) Tables. For more information please refer to Changes in this release. 

Quarterly overview

 Dec Qtr 21 to Mar Qtr 22Mar Qtr 21 to Mar Qtr 22
Final demand

% change

% change

Final demand (excl. exports)1.64.9

Index reference period: 2011-12 - 100.0.

The main contributors to quarterly growth in Final demand were:

  • Output of building construction (+3.0%), driven by increases for materials with supply constraints for timber and metals, high freight costs and skilled trade shortages.
  • Petroleum refining and petroleum fuel manufacturing (+17.6%), due to a rise in global crude oil prices and OPEC+ countries falling short of agreed production increases.
  • Heavy and civil engineering construction (+2.4%), due to increases in steel, crude oil and skilled trade shortages, along with ongoing increases in infrastructure investment.

The annual rise of 4.9% in Final demand to March 2022 is the strongest increase since December 2008.

Rounding

Any discrepancies between totals and sums of components in this publication are due to rounding.

Construction

Input to the house construction industry

Output of the construction industry

Mining industries

Input to the coal mining industry

Output of the mining industry

Manufacturing

Input to the manufacturing industry

Output of the manufacturing industry

Services

Output of the services industries

Data downloads

Data files
Data files

Data Explorer datasets

Caution: Data in Data Explorer is currently released after the 11:30am release on the ABS website. Please check the reference period when using Data Explorer.

For more information about Data Explorer, see the Data Explorer user guide.

Final demand

Construction

Mining industries

Manufacturing

Previous catalogue number

This release previously used catalogue number 6427.0.

Using price indexes

Price indexes in contracts

Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).

Use of Price Indexes in Contracts sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.

Changes in this release

Producer Price Index (PPIs) weight update, 2022

As advertised in the December quarter publication, the PPIs have been reweighted for the March quarter 2022. Indexes are reweighted using ABS Australian National Accounts - Input Output (I-O) Tables. Weights represent the structure of the Australian economy and determine which prices have the greatest contribution to the PPIs. 


From March quarter 2022, the weights of Final demand, Input to the Manufacturing, Output of the Manufacturing, Output of the Services, and Output of the mining indexes, have been updated in line with the 2018/19 Australian National Accounts: Input-Output tables. Additionally, index structures have been updated in accordance with changes in I-O classifications. As a consequence of the re-weight, the points contribution data for the December quarter 2021 shown in tables 5, 28 and 29 have been updated from those published in the previous issue of this publication.

See the full history of changes.

Additional information

The compilation of the quarterly Producer Price Index for the Output of the Retail Trade Industry, normally released as an additional update of the Producer Price Indexes, Australia (ABS cat. No. 6427.0), has been paused indefinitely as a result of changing priorities within the ABS as a result of the COVID-19 pandemic.

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