Prices of imported goods at the wholesale level, which typically move more closely in line with the exchange rate, have fallen much more rapidly than those of imported retail goods. (rba.gov.au)
The lower level of the exchange rate, if sustained, is also likely to generate direct upward pressure on prices of imported and import - competing consumer goods. (rba.gov.au)
However, the appreciation of the Australian dollar has reduced prices of imported capital equipment markedly, so this result points to solid growth in real terms. (rba.gov.au)