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Index of Commodity Prices August 2019
Preliminary estimates for August indicate that the index decreased by 6.5 per cent (on a monthly average basis) in SDR terms, after increasing by 3.1 per cent in July (revised). The non-rural, rural and base metals subindices decreased in the month. In Australian dollar terms, the index decreased by 4.2 per cent in August. Over the past year, the index has increased by 6.2 per cent in SDR terms, led by higher iron ore, gold and beef & veal prices. The index has increased by 13.1 per cent in Australian dollar terms. Consistent with previous releases, preliminary estimates for iron ore, coking coal, thermal coal and ... (full story)