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AAP

Business

Derek Rose

Wholesale inflation at a 13-year high

Inflation Besa Deda Australia

Costs for Australian businesses rose 5.6 per cent in the 12 months to June 30. (Lukas Coch/AAP PHOTOS) (AAP)

An index that measures cost increases for businesses hit a 13-year high in the 12 months to June, but its rate of increase appears to be moderating.

The Producer Price Index (PPI) rose 1.4 per cent in the June quarter, compared to a 1.6 per cent rise in the March quarter, the Australian Bureau of Statistics reported on Friday.

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