Australia Q3 import prices flat, export prices increase
Import prices in Australia were unchanged in the September 2011 quarter compared to the preceding quarter, the Australian Bureau of Statistics reported Friday.
The export price index increased 4.0 percent in Q3 over Q2, the Bureau said.
For the full year through Q3, import prices were down 1.7 percent and export prices were up 6.6 percent.
The Bureau said higher prices for non-monetary gold, inorganic chemicals and fertilizers and apparel/accessories were offset by price drops paid for petroleum, petroleum products and medicinal/pharmaceutical products.
the Bureaus said the increase in export prices was driven mainly by rises in prices for coal, coke and briquettes, natural and manufactured gas non-monetary gold and textile fibers. The hikes were partially offset by drops in the prices for meats.