More detail from the Australian Bureau of Statistics:
FINAL DEMAND (EXCL. EXPORTS)
- rose 0.5% in the March quarter 2018.
- mainly due to rises in the prices received for Electricity, gas and water supply (+3.4%), Heavy and civil engineering construction (+0.6%) and Petroleum refining and petroleum fuel manufacturing (+3.8%).
- partly offset by falls in the prices received for Pharmaceutical and medicinal product manufacturing (-1.6%), Commercial fishing (-10.4%) and Oil and fat manufacturing (-5.5%).
- rose 1.7% through the year to the March quarter 2018.
INTERMEDIATE DEMAND
- rose 1.4% in the March quarter 2018.
- mainly due to rises in the prices received for Electricity, gas and water supply (+6.8%), Petroleum refining and petroleum fuel manufacturing (+7.3%) and Oil and gas extraction (+8.2%).
- partly offset by falls in the prices received for Textile, clothing, footwear and leather manufacturing (-2.2%), Other agriculture (-3.1%) and Other basic chemical product manufacturing (-4.6%).
- rose 3.7% through the year to the March quarter 2018.
PRELIMINARY DEMAND
- rose 1.5% in the March quarter 2018.
- mainly due to rises in the prices received for Electricity, gas and water supply (+6.9%), Oil and gas extraction (+8.4%) and Petroleum refining and petroleum fuel manufacturing (+5.8%).
- partly offset by falls in the prices received for Textile, clothing, footwear and leather manufacturing (-1.6%), Other agriculture (-3.5%) and Polymer product manufacturing (-1.4%).
- rose 3.6% through the year to the March quarter 2018.
This is not, of course, consumer level inflation, but producer level. THE RBA target for croe CPI is 2 to 3%.
AUD is a touch lower on the session in a small range only.
