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Import Prices rose less than expected

Thursday, Jan 29 2015
The Import Price Index rose 0.9% in the December quarter 2014. Analysts were anticipating bigger increase by 1.5%. Over the quarter, depreciation in the value of the Australian dollar had a considerable upward impact on the prices paid for all of Australia’s major imported products. 
 
The rise in the Import Price Index was driven mainly by rises in the prices paid for office machines, miscellaneous manufactured articles, general industrial machinery and equipment, telecommunications and sound–recording and reproducing apparatus and equipment, articles of apparel and clothing accessories, etc. Partly offsetting these rises were falls in the prices paid for petroleum, petroleum products and related materials.
 
Data did not have any major impact on Aussie which is currently being traded few points above 0.7850 level. Later today, in the US session Unemployment Claims figures are scheduled for a release.
More in this category: « Fed left interest rates unchanged UK house prices rose by 0.3% in January »

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