The release of the Producer Price Indexes (PPI) for the June quarter show a fall in import prices for the quarter keeping a tight lid on any inflationary pressures building. Total Final stage PPI fell by 0.1% over the quarter for a 2.3% rise on the year (down from +2.5% in the previous quarter).
Final Demand PPI | Q1/Q2 | Y/Y |
Domestic | 0.1 | 1.9 |
Import | -1.5 | 6.4 |
TOTAL | -0.1 | 2.7 |