Commodity price index dropped 12% in Q4

Wednesday 4 January 2023

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

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:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.