Australian Producer Prices Rebound In Q1
The price of domestically produced items climbed 1% at the final stage of production in the March quarter, faster than the 0.3% gain in the December quarter. This was mainly due to price rises in building construction, and electricity, gas & water supply, up 0.6% and 3.3% respectively.
At the same time, the price of imported items grew 1.4%, partly reversing the 5.2% fall in the prior quarter. This was mainly due to price rises in industrial machinery & equipment manufacturing, and petroleum refining, up 3.4% and 7.3%, respectively.