Australian Import Priced down by 1.6%, Export Prices fell 3.0%

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Thursday, Oct 26 2017

Australian Import Priced down by 1.6%, Export Prices fell 3.0%

The Import Price Index fell 1.6% in the September quarter 2017. This follows a fall in the June quarter 2017 of 0.1%. The fall was driven by lower prices paid for Telecommunication and sound recording equipment (-7.8%), Petroleum, petroleum products and related materials (-2.0%) and Office and automatic data processing machines (-4.7%). Through the year to the September quarter 2017, the Import Price Index fell 0.4%, driven by Telecommunications and sound recording equipment (-15.9%).

The Export Price Index fell 3.0% in the September quarter 2017. This follows a fall in the June quarter 2017 of 5.7%. The fall was driven by lower prices received for Coal, coke and briquettes (-7.4%), Metalliferous ores and metal scrap (-1.5%) and Gas, natural and manufactured (-4.0%). Through the year to the September quarter 2017, the Export Price Index rose 14.2%, driven by Coal, coke and briquettes (62.1%).

More in this category: « Durable Goods Orders up by 2.2% CBI realized sales survey showed balance of -36% »

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