Final demand producer prices were up 0.5 percent on quarter in the fourth quarter of 2020, the Australian Bureau of Statistics said on Friday – following the 0.4 percent gain in the previous three months.
There were quarterly price rises in building construction (+0.5 percent), childcare services (+7.9 percent) and accommodation (+4.3 percent).
There were quarterly declines in specialized machinery and equipment manufacturing (-2.4 percent), sugar and confectionary manufacturing (-5.2 percent) and cigarette and tobacco manufacturing (-5.0 percent).
On a yearly basis, producer prices slipped 0.1 percent after sinking 0.4 percent in the three months prior.
The material has been provided by InstaForex Company – www.instaforex.com