Australian EconomyCommodities

RBA commodity price index rebounds

Leith van Onselen
Thursday 2 February 2023
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The Reserve Bank of Australia (RBA) has released its commodity price index for January, which rebounded 3.7% in SDR (currency adjusted) terms:

RBA commodity price index

However, the commodity price index was still down 5.7% over the quarter and by 11.2% from 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.