RBA Commodity Price Index Report for February 202

February Commodity Price Index Update

According to early data for February, the commodity price index rose by 0.7% in SDR terms, following a notable 4.9% increase in January. Both rural and non-rural subindices saw gains during the month, while the base metals subindex experienced a minor decline.

When measured in Australian dollars, the index dropped by 2.7% in February. Over the last twelve months, the index has climbed 3.4% in SDR terms. Although iron ore prices fell, this was outweighed by higher prices for coking coal, gold, and rural commodities. In Australian dollar terms, the index has fallen by 2.9% over the past year.