logo
Share SHARE
FONT-SIZE Plus   Neg

Australia's Producer Prices Decline Unexpectedly

Australia's producer prices fell unexpectedly during the March quarter, the latest figures from the Australian Bureau of Statistics showed Monday.

The producer price index fell 0.3 percent quarter-on-quarter in the March quarter compared to expectations of a 0.5 percent increase. This marked the first decline since the December quarter of 2009. In the December quarter of 2011, the PPI rose 0.3 percent.

Annually, the index rose 1.4 percent, slower than forecast of a 2.2 percent rise. This followed a 2.9 percent annual increase in the December quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

comments powered by Disqus
Follow RTT