With Exports miles above Imports, Producer Prices are at extremely high levels. Australia and most economies look like Japan in August and October 2022 as Imports beat Exports and Producer Prices were skyrocket high. Japan and the BOJ corrected and fixed the trade problem immediately by intervention to USD/JPY.
From Australia Bureau of Statistics: Users noted that the ability to monitor inflation was a requirement of the suite of PPIs.
Brian Twomey
Tianzuida ON TRADING 