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Index of Commodity Prices: February 2024

From rba.gov.au

Preliminary estimates for February indicate that the index declined by 1.4 per cent (on a monthly average basis) in SDR terms, after increasing by 1.9 per cent in January (revised). The non-rural, rural, and base metals sub-indices all declined in the past month. In Australian dollar terms, the index declined by 0.1 per cent in February. Over the past year, the index has declined by 11.0 per cent in SDR terms, led by lower thermal coal and liquified natural gas prices. The index has decreased by 6.7 per cent in Australian dollar terms. Consistent with previous releases, preliminary estimates for iron ore, coking ... (full story)

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