Import price falls keep a lid on PPI

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

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