Producer Prices Change

A Producer Price Index (PPI) is a price index that measures the average changes in prices received by domestic producers for their output and is released on a quarterly basis. It measures the price changes from the perspective of the seller and provides important information about input inflation. In times of rising costs the producers will pass these costs to the retailers and finally to the consumers, and therefore there will be an increase in the consumer price index (CPI) and a higher inflation rate in the economy.
Producer Prices in Australia increased 1.60 percent in the third quarter of 2017 over the same quarter in the previous year. Producer Prices Change in Australia averaged 2.31 percent from 1999 until 2017, reaching an all-time high of 6.30 percent in the fourth quarter of 2008 and a record low of -1.50 percent in the fourth quarter of 2009. The key figures for the producer prices change are reported for various stages of production, such as final demand (excluding exports), intermediate demand and preliminary demand, which provide important insights on the actual costs and the rises of falls in prices.
For year 2017 in general there has been an increase in the producer prices change, and the latest report for the quarter ending in December 2017 will be released in February 2018.