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Index of Commodity Prices: January 2024
Preliminary 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 terms. Consistent with previous releases, preliminary estimates for iron ore, coking ... (full story)