Australian EconomyCommodities

RBA commodity price index plunges

Leith van Onselen
Wednesday 3 August 2022
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The Reserve Bank of Australia’s (RBA) index of commodity prices dived 8.5% in June in SDR (currency-weighted) terms, which follows June’s 2.8% drop:

RBA commodity price index

Boom over?

Over the July quarter commodity prices fell 13.8% over the quarter but were 14.1% higher year-on-year in SDR terms.

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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.