QoQ Change in Australia's Quarterly Import Price Index
Australia| Date | Value | ||
|---|---|---|---|
| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
|---|---|---|---|---|---|---|
| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
The quarter-on-quarter change in the Import Price Index (IPI) measures how much the prices of imported goods in Australia have increased or decreased in a specific quarter compared to the previous quarter. This data is released quarterly by the Australian Bureau of Statistics (ABS) and is crucial for assessing trends in international trade and inflation.
Quarter-on-quarter data helps to understand how the prices of imported goods are changing over a short period. If import prices are rising, it indicates an increase in the cost of imported goods, which could ultimately lead to higher consumer prices. Conversely, if import prices are falling, it suggests a decrease in the cost of imported goods, which could pose a risk of deflation.
This data serves as an important reference for policymakers to assess trends in international trade and inflationary pressures and to formulate appropriate monetary policies. For example, if import prices are rising sharply, the central bank might consider raising interest rates to curb inflation. Conversely, if import prices are falling, there might be a need to strengthen economic stimulus measures. For businesses and investors, this data provides critical insights into trends in international trade and the economic outlook, helping to inform strategic decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
