AU Commodity Prices y/y
It's a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income;
Commodities account for over half of Australia's export earnings. Source changed series calculation formula as of Nov 2009;
- AU Commodity Prices y/y Graph
- History
| Expected Impact / Date | Actual | Forecast | Previous |
|---|---|---|---|
| Sep 2, 2024 | -5.2% | -4.2% | |
| Aug 1, 2024 | -3.0% | -3.5% | |
| Jul 1, 2024 | -4.1% | -6.0% | |
| Jun 3, 2024 | -4.2% | -12.1% | |
| May 1, 2024 | -11.6% | -14.9% | |
| Apr 2, 2024 | -15.3% | -15.3% | |
| Mar 1, 2024 | -11.0% | -10.4% | |
| Feb 1, 2024 | -10.4% | -11.2% |
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- AU Commodity Prices y/y News
From rba.gov.au|Mar 1, 2024Preliminary estimates for February indicate that the index declined by 1.4 per cent (on a monthly average basis) in SDR terms, after increasing by 1.9 per cent in January (revised). The non-rural, rural, and base metals sub-indices all declined in the past month. In Australian dollar terms, the index declined by 0.1 per cent in February. Over the past year, the index has declined by 11.0 per cent in SDR terms, led by lower thermal coal and liquified natural gas prices. The index has decreased by 6.7 per cent in Australian dollar ...
From rba.gov.au|Feb 1, 2024Preliminary estimates for January indicate that the index increased by 2.3 per cent (on a monthly average basis) in SDR terms, after increasing by 3.2 per cent in December (revised). The non-rural, rural, and base metals sub-indices all increased in the past month. In Australian dollar terms, the index increased by 2.9 per cent in January. Over the past year, the index has decreased by 10.4 per cent in SDR terms, led by lower thermal coal and liquified natural gas prices. The index has decreased by 7.1 per cent in Australian dollar ...
From monetamarkets.com|May 1, 2023The Reserve Bank of Australia has reported a sharp fall in the index of commodity prices in Australia, which dropped by 19.2% in SDR terms in April 2023. This decline represents the largest drop since February 2016, primarily driven by lower coking coal, iron ore, liquified natural gas and rural commodity prices. On a monthly basis, the index dropped by 5.2% in SDR terms after decreasing by 2.5% in March. The rural sub-index saw a modest increase in the month, while the non-rural and base metal sub-indices experienced a decline. When ...
From rba.gov.au|May 1, 2023Preliminary estimates for April indicate that the index decreased by 5.2 per cent (on a monthly average basis) in SDR terms, after decreasing by 2.5 per cent in March (revised). The rural sub-index increased in the month while the non-rural and base metal sub-indices decreased. In Australian dollar terms, the index decreased by 4.3 per cent in April. Over the past year, the index has decreased by 19.2 per cent in SDR terms, led by lower coking coal, iron ore, liquified natural gas and rural commodity prices. The index has decreased ...
From rba.gov.au|Apr 3, 2023Preliminary estimates for March indicate that the index decreased by 4.3 per cent (on a monthly average basis) in SDR terms, after decreasing by 1.6 per cent in February (revised). The rural, non-rural and base metal sub-indices decreased in the month. In Australian dollar terms, the index decreased by 1.3 per cent in March. Over the past year, the index has decreased by 9.1 per cent in SDR terms, led by lower coking coal, iron ore, liquified natural gas and rural commodity prices. The index has decreased by 3.3 per cent in ...
From rba.gov.au|Mar 1, 2023Preliminary estimates for February indicate that the index decreased by 1.5 per cent (on a monthly average basis) in SDR terms, after no change in January (revised). The non-rural and base metal sub-indices decreased in the month, while the rural sub-index increased. In Australian dollar terms, the index decreased by 1.3 per cent in January. Over the past year, the index has increased by 3.6 per cent in SDR terms, led by higher thermal coal prices. The index has increased by 2.5 per cent in Australian dollar terms. Consistent with ...
From rba.gov.au|Feb 1, 2023Preliminary estimates for January indicate that the index increased by 3.7 per cent (on a monthly average basis) in SDR terms, after decreasing by 5.0 per cent in December (revised). The non-rural sub-index increased in the month, while the rural and base metal sub-indices remained little changed. In Australian dollar terms, the index increased by 1.8 per cent in January. Over the past year, the index has increased by 10.6 per cent in SDR terms, led by higher thermal coal and gold prices. The index has increased by 9.6 per cent in ...
From rba.gov.au|Jan 3, 2023Preliminary estimates for December indicate that the index decreased by 3.2 per cent (on a monthly average basis) in SDR terms, after decreasing by 6.6 per cent in November (revised). The rural and non-rural sub-indices decreased in the month, while the base metals sub-index increased. In Australian dollar terms, the index decreased by 3.3 per cent in December. Over the past year, the index has increased by 15.6 per cent in SDR terms, led by higher thermal coal, LNG and iron ore prices. The index has increased by 16.6 per cent in ...
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| Released on Apr 3, 2023 |
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| Released on Jan 3, 2023 |
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