RBA commodity price index falls in February

Wednesday, 2 March 2022

The Reserve Bank of Australia (RBA) released its Index of Commodity Prices for the month of February.

Over the month of February, commodity prices fell by 2.6% in currency-weighted SDR terms, which followed the 6.9% rise in January.

Over the February quarter, the commodity price index rose by 3.4% in SDR terms, whereas they were up 16.7% over the year.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.