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Index of Commodity Prices July 2023

From rba.gov.au

Preliminary estimates for July indicate that the index decreased by 3.1 per cent (on a monthly average basis) in SDR terms, after decreasing by 2.1 per cent in June (revised). The non-rural, rural and base metals sub-indices decreased in the past month. In Australian dollar terms, the index decreased by 2.9 per cent in July. Over the past year, the index has decreased by 23.5 per cent in SDR terms, led by lower thermal coal, coking coal, and liquified natural gas prices. The index has decreased by 20.6 per cent in Australian dollar terms. Consistent with previous releases, preliminary estimates for iron ore, coking ... (full story)

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