The producer price index (PPI) is a measure of prices charged by producers for domestically-produced goods, services and construction. In Australia, it is constructed by the Australian Bureau of Statistics on a quarterly basis and without seasonal adjustments. It is similar to the consumer price index (CPI) except it measures prices received from the producer’s perspective.
The latest figures for the March quarter have been published and they indicate producer prices increased by 0.4% after seasonal adjustments, a minor slowing from the December quarter’s 0.5%. On a 12-month basis, the rate of producer price inflation slowed to 1.9% after previously recording 2.0% in the December quarter.