Final demand producer prices were up 0.4 percent on quarter in the first quarter of 2021, the Australian Bureau of Statistics said on Friday – slowing from 0.5 percent in the previous three months.
On a yearly basis, producer prices gained 1.0 percent – slowing from 1.6 percent in the three months prior.
There were price rises in petroleum refining and petroleum fuel manufacturing (+20.6 percent), building construction (+0.5 percent) and accommodation (+5.8 percent).
These were offset by falls in electronic equipment manufacturing (-5.3 percent), other transport equipment manufacturing (-3.1 percent) and furniture and other manufacturing (-1.7 percent).
The material has been provided by InstaForex Company – www.instaforex.com