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Australia PPI +1.0% in Q1 On Electricity and Gas

AUSTRALIA DATA
MNI (Singapore)
  • PPI rose 1.0% this quarter, faster than the 0.7% increase in Q4.
  • Rose 5.2% over the past twelve months, following last 5.8% y/y growth.
  • The main contributors to quarterly growth in Final demand were:
  • Electricity and gas supply (+13.3%), due to long term contract renewals reflecting the recent higher prices caused by supply disruptions.
  • Output of building construction (+1.1%), due to continued demand in other and non-residential construction, ongoing skilled labour shortages and costs for materials.
  • Education and training services (+3.7%), due to tertiary education course fee increases.
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