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Australia Import Price Index -3.5% in September Quarter

MNI (Singapore)
  • Australia's import price index fell 3.5% in the September quarter and 5.7% through the year.
  • The export price index fell 5.1% in the September quarter and 9.9% through the year.
  • Telecommunications and sound recording equipment (-7.2%), office machines and ADP machines (-8.7%), and articles of apparel and clothing (-8.5%) were three major contributors to the falling import price index.
  • Gas, natural and manufactured (-39.7%), coal, coke and briquettes (-20.6%), and meat and meat preparations (-6.9%) were the top three contributors to the falling export price index.
  • The Australian dollar has appreciated against the United States dollar, and the exchange rate had an downward effect on import and export prices this quarter, the ABS said.

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