|Output||Input||Terms of Trade|
|Base year 2015=100|
|Monthly % Change||-0.0%||1.5%||-1.5%|
|Annual % Change||14.4%||16.9%||-2.1%|
The agricultural output price index shows no change in November 2021 compared with October 2021. The agricultural input price index increased by 1.5% over the same period. Thus, the resulting terms of trade index was down 1.5% in this period. See Tables 1, 2 and graph.
On an annual basis, the agricultural input price index increased by 16.9% in November 2021 compared with November 2020. The agricultural output price index increased by 14.4% in November 2021 compared with November 2020. See Tables 1 and 2.
A further comparison of the November 2021 output sub-indices with the November 2020 sub-indices shows that sheep and milk increased by 27.3% and 16.9% respectively.
On the input side, the November 2021 sub-indices show that fertilisers and motor fuels were up 55.2% and 39.5% respectively on November 2020 prices.