Business price indexes includes the producers price index (PPI), capital goods price index (CGPI), and farm expenses price index (FEPI).
Key facts
In the June 2024 quarter compared with the March 2024 quarter:
- output producers price index (PPI) rose 1.1 percent
- input PPI rose 1.4 percent
- farm expenses price index (FEPI) rose 0.1 percent
- capital goods price index (CGPI) rose 0.7 percent.
| “Index” | “Percent” |
| “Prices received by producers (Output)” | 1.1 |
| “Prices paid by producers (Input)” | 1.4 |
| “Capital goods prices” | 0.7 |
| “Prices paid by farmers” | 0.1 |
| “Salary and wage rates including overtime” | 1.2 |
| “Consumer goods and services prices” | 0.4 |
| “Index” | “Percent” |
| “Prices received by producers (Output)” | 3.4 |
| “Prices paid by producers (Input)” | 4.2 |
| “Capital goods prices” | 2.8 |
| “Prices paid by farmers” | 0.7 |
| “Salary and wage rates including overtime” | 4.3 |
| “Consumer goods and services prices” | 3.3 |
In the June 2024 quarter, prices received by producers of goods and services (outputs) increased 1.1 percent compared with the March 2024 quarter. Prices paid by producers of goods and services (inputs) increased 1.4 percent over the same period.
| “period ended” | “Producer price index ‒ outputs” | “Producer price index ‒ inputs” |
| “Jun-14” | -0.5 | -1 |
| “Sep-14” | -1.1 | -1.5 |
| “Dec-14” | -0.1 | -0.4 |
| “Mar-15” | -0.9 | -1.1 |
| “Jun-15” | -0.2 | -0.3 |
| “Sep-15” | 1.3 | 1.6 |
| “Dec-15” | -0.8 | -1.2 |
| “Mar-16” | -0.2 | -1 |
| “Jun-16” | 0.2 | 0.9 |
| “Sep-16” | 1 | 1.5 |
| “Dec-16” | 1.5 | 1 |
| “Mar-17” | 1.4 | 0.8 |
| “Jun-17” | 1.3 | 1.5 |
| “Sep-17” | 1 | 1.1 |
| “Dec-17” | 1 | 0.9 |
| “Mar-18” | 0.2 | 0.6 |
| “Jun-18” | 0.9 | 1 |
| “Sep-18” | 1.5 | 1.4 |
| “Dec-18” | 0.9 | 1.8 |
| “Mar-19” | -0.5 | -0.9 |
| “Jun-19” | 0.4 | 0.3 |
| “Sep-19” | 1.1 | 1 |
| “Dec-19” | 0.5 | 0.2 |
| “Mar-20” | 0.1 | -0.3 |
| “Jun-20” | -0.2 | -0.9 |
| “Sep-20” | -0.3 | 0.6 |
| “Dec-20” | 0.5 | 0.1 |
| “Mar-21” | 1.2 | 2.1 |
| “Jun-21” | 2.6 | 3 |
| “Sep-21” | 1.8 | 1.6 |
| “Dec-21” | 1.5 | 1.2 |
| “Mar-22” | 2.6 | 3.4 |
| “Jun-22” | 2.4 | 3.1 |
| “Sep-22” | 1.6 | 0.8 |
| “Dec-22” | 0.9 | 0.5 |
| “Mar-23” | 0.2 | 0 |
| “Jun-23” | 0.2 | -0.2 |
| “Sep-23” | 0.8 | 1.2 |
| “Dec-23” | 0.7 | 0.9 |
| “Mar-24” | 0.8 | 0.7 |
| “Jun-24” | 1.1 | 1.4 |
Key quarterly results
The largest output industry contributions were from:
- electricity and gas supply, up 12.7 percent
- dairy product manufacturing, up 4.1 percent
- accommodation and food services, down 3.5 percent.
The largest input industry contributions were from:
- electricity and gas supply, up 15.3 percent
- building construction, up 1.0 percent
- primary metal and metal product manufacturing, up 8.2 percent.
Revisions to March 2024 quarter data
We revised various indexes in response to updated March 2024 quarter data received from a respondent. Affected series in the published CSV, Excel tables, and on Infoshare have R flags next to the revised cells, indicating they have been changed. The revisions affect the PPI index numbers from the March 2024 quarter only.
The affected PPI output industries were:
- CC (manufacturing)
- CC13 (dairy-product manufacturing).
The affected PPI input industries were:
- GH (Retail trade and accommodation)
- GH21 (Accommodation and food services).
The higher-level index PPI outputs ‘all industries’ was also affected.
provides a full summary of changes.
BPI data quality updates
In the June 2024 quarter, the overall response rate was 92.8 percent (target response rate of 96 percent). The response rate for key firms was 98.7 percent (target response rate of 100 percent).
The lower response rate has required higher levels of imputation where we carried forward previous prices for the relevant respondent that did not respond (that is, price change was zero).
More data
Use for quarterly business price indexes data:
Subject category: Economic indicators
Group: Producers price index – PPI
Group: Capital goods price index – CEP
Subject category: Industry sectors
Group: Farm inputs – FPI
Definitions and metadata
gives the methodology used to produce business price indexes, including for the latest quarter.
gives definitions of terms used in this release.
Technical enquiries
Elijah Griffiths
ISSN 2423-0340
Next release
Business price indexes: September 2024 quarter will be released on 18 November 2024
