Producer prices rose 0.5% in March qtr

Australian Bureau of Statistics shows that producer prices were up 0.5 per cent in the March quarter, compared to the previous three months.

Producer prices rose 0.5 per cent in the March quarter, missing market expectations of a 0.7 per cent rise.

Over the year to the March quarter, the producer price index rose 1.3 per cent, up from 0.7 per cent over the year to the December quarter, according to Australian Bureau of Statistics data released on Friday.

The producer price index for final demand measures the price of final products at the factory door or farm gate so, unlike the consumer price index, does not include trade margins, transport costs or taxes on production.