The Reserve Bank of Australia’s Index of Commodity Prices rose by 3.6 percent in SDR terms in February 2023 from a year earlier, the softest rise since November 2020, after a downwardly revised 11.0 percent gain in January, led by higher thermal coal prices. source: Reserve Bank of Australia

Commodity Prices YoY in Australia averaged 4.56 percent from 1983 until 2023, reaching an all time high of 58.50 percent in July of 2021 and a record low of -32.80 percent in July of 2009. This page includes a chart with historical data for Australia Commodity Prices YoY. Australia Commodity Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Commodity Prices YoY in Australia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Commodity Prices YoY is projected to trend around 2.20 percent in 2024 and 1.40 percent in 2025, according to our econometric models.

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Australia Commodity Prices YoY

Australia Commodity Prices YoY
Commodity Prices YoY measures the yearly change in the selling price of exported commodities. Commodity exports have on average accounted for more than half of Australia's export income. Because changes in export prices explain approximately three-quarters of the fluctuations in the growth of export values since 1990, developments in export prices can have a significant impact on export earnings and economic activity in Australia. The most important commodities in the RBA Index of Commodity Prices are iron ore (27.1 percent of the total weight), metallurgical coal (16 percent), LNG (15.8 percent), thermal coal (9.5 percent), gold (7.5 percent) and alumina (4.1 percent).
Actual Previous Highest Lowest Dates Unit Frequency
3.60 11.00 58.50 -32.80 1983 - 2023 percent Monthly