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RBA Index of Commodity Prices: Sep 2014
Preliminary estimates for September indicate that the index declined by 2.4 per cent (on a monthly average basis) in SDR terms, after rising by 0.2 per cent in August (revised). The largest contributor to the decline in September was the price of iron ore. The base metals and rural commodities subindices declined during the month. In Australian dollar terms, the index declined by 1.4 per cent in September. Over the past year, the index has fallen by 16.8 per cent in SDR terms, largely driven by falls in the prices of bulk commodities. The index has fallen by 16.0 per cent in Australian dollar terms over the past ... (full story)