Producer Price Indexes, Australia

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Contains a range of producer price indexes in the Australian economy, comprising mining, manufacturing, construction and services industries.

Reference period
September 2023
Released
27/10/2023

Key statistics

Final demand (excluding exports)

  • Rose 1.8% this quarter.
  • Rose 3.8% over the past twelve months.

What are the Producer Price Indexes (PPIs)?

What is Final demand?

Quarterly overview

Final demand increased 1.8% this quarter with rises across most industries. Higher prices for construction outputs, petroleum and energy were compounded by broad-based price increases in services, particularly health and child care services. New financial year contract negotiations, indexation clauses, annual wage cost reviews and increasing operating costs contributed to price rises across services industries.

 Jun Qtr 23 to Sep Qtr 23Sep Qtr 22 to Sep Qtr 23
Final demand

% change

% change

Final demand (excl. exports)1.83.8

Index reference period: 2011-12 - 100.0.

The main contributors to quarterly growth in Final demand were:

  • Output of building construction (+1.3%), due to ongoing skilled labour shortages and increased manufacturing costs for materials. 

  • Petroleum refining and petroleum fuel manufacturing (+10.7%), due to strong global crude oil prices following reduced global supply, and the depreciating exchange rate.

  • Electricity supply; gas supply; and water supply, sewerage and drainage services (+5.9%), due to increases in supply and usage charges following annual reviews, reflecting increases in wholesale electricity costs.

Rounding

Any discrepancies between totals and sums of components in this publication are due to rounding.

Construction

Input to the house construction industry

Output of the construction industry

Mining industries

Input to the coal mining industry

Output of the mining industry

Manufacturing

Input to the manufacturing industry

Output of the manufacturing industry

Services

Output of the services industries

Data downloads

Data files
Data files

Data Explorer datasets

Caution: Data in Data Explorer is currently released after the 11:30am release on the ABS website. Please check the reference period when using Data Explorer.

For more information about Data Explorer, see the Data Explorer user guide.

Final demand

Construction

Mining industries

Manufacturing

Previous catalogue number

This release previously used catalogue number 6427.0.

Using price indexes

Price indexes in contracts

Price indexes published by the Australian Bureau of Statistics (ABS) provide summary measures of the movements in various categories of prices over time. They are published primarily for use in Government economic analysis. Price indexes are also often used in contracts by businesses and government to adjust payments and/or charges to take account of changes in categories of prices (Indexation Clauses).

Use of Price Indexes in Contracts sets out a range of issues that should be taken into account by parties considering including an Indexation Clause in a contract using an ABS published price index.

Changes in future issues

As part of ABS’ ongoing shift to more modern data collection processes, all PPI Survey respondents will provide data online from December quarter 2023.

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