Australian EconomyCommodities

Commodity price index dropped 12% in Q4

Leith van Onselen
Wednesday 4 January 2023
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The Reserve Bank of Australia (RBA) has released its commodity price index for December, which fell another 3.2% in SDR (currency adjusted) terms:

RBA index of commodity prices

The commodity price index is now down 12.1% over the quarter and by 13.6% 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.