Australia's producer price index at the final stage of production rose 1.2 per cent in the March quarter, for an annual rise of 2.9 per cent. That compared with a 0.1 per cent rise in the December quarter. In the March quarter, at the intermediate stage, the PPI was up 2.3 per cent, while at the preliminary stage it rose 2.6 per cent, the Australian Bureau of Statistics said on Thursday. Over the year to March, at the intermediate stage the PPI rose 4.4 per cent and at the preliminary stage it was up 5.5 per cent. Economists' forecasts had centred on the March quarter PPI to rise 1.0 per cent for an annual rise of 2.7 per cent.
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