[cobran20]

Anybody know about the closeness of the correlation between the PPI and the cooked CPI?
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DECEMBER KEY POINTS


FINAL (STAGE 3) COMMODITIES


rose 0.3% in the December quarter 2011.
mainly due to rises in the prices received for industrial machinery and equipment manufacturing (+3.2%), other manufacturing (+3.1%) and motor vehicle and part manufacturing (+1.4%).
partly offset by falls in the prices received for other agriculture (–21.8%) and flour mill and cereal food manufacturing (–6.1%).
rose 2.9% through the year to the December quarter 2011.


INTERMEDIATE (STAGE 2) COMMODITIES

rose 0.3% in the December quarter 2011.
mainly due to rises in the prices received for oil and gas extraction (+3.4%), petroleum refining (+3.5%) and other agriculture (+3.5%).
partly offset by falls in the prices received for grain, sheep, beef and dairy cattle farming (–4.6%) and basic non–ferrous metal manufacturing (–10.4%).
rose 4.9% through the year to the December quarter 2011.


PRELIMINARY (STAGE 1) COMMODITIES

rose 0.4% in the December quarter 2011.
mainly due to rises in the prices received for oil and gas extraction (+3.4%), petroleum refining (+3.4%), and property operators and developers (+0.8%).
partly offset by falls in the prices received for basic non–ferrous metal manufacturing (–10.4%).
rose 5.9% through the year to the December quarter 2011.