Commodity price index continues to fall

Friday 2 December 2022

The Reserve Bank of Australia (RBA) has released its commodity price index for October, which fell 5.0% in SDR (currency adjusted) terms:

The commodity price index is now down 4.4% over the quarter and by 12% since its peak in June.

According to the RBA:

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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.