The Reserve Bank of Australia’s Index of Commodity Prices jumped 16.8% year-on-year in May 2026, following a downwardly revised 15.1% rise in the previous month and remaining at its highest level since December 2022. The increase was driven primarily by strong price growth in lithium, coking coal, and rural commodities, which more than offset declines in iron ore and gold prices. On a monthly basis, the index increased 1.3%, rebounding from an upwardly revised 0.3% drop in the prior period, supported by higher prices across both rural and non-rural commodities, as well as gains in base metals. source: Reserve Bank of Australia

Commodity Prices YoY in Australia increased to 16.80 percent in May from 15.10 percent in April of 2026. Commodity Prices YoY in Australia averaged 3.53 percent from 1983 until 2026, reaching an all time high of 61.60 percent in July of 2021 and a record low of -32.80 percent in July of 2009. This page includes a chart with historical data for Australia Commodity Prices YoY. Australia Commodity Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2026.

Commodity Prices YoY in Australia increased to 16.80 percent in May from 15.10 percent in April of 2026. Commodity Prices YoY in Australia is expected to be 18.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Commodity Prices YoY is projected to trend around 2.00 percent in 2027 and 1.90 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
Commodity Prices YoY 16.80 15.10 percent May 2026
CPI 102.80 102.44 points Apr 2026
Core Consumer Prices 106.66 106.33 points Apr 2026
RBA Trimmed Mean CPI YoY 3.40 3.30 percent Apr 2026
CPI Housing Utilities 103.33 103.13 points Apr 2026
CPI Transportation 105.42 108.37 points Apr 2026
Export Prices 158.60 157.80 points Mar 2026
Export Prices 0.50 3.20 percent Mar 2026
Food Inflation 2.80 3.10 percent Apr 2026
GDP Chain Price Index 105.80 105.00 points Mar 2026
GDP Deflator 105.80 105.50 points Mar 2026
Import Prices 135.50 135.40 points Mar 2026
Import Prices 0.10 0.90 percent Mar 2026
Consumer Inflation Expectations 5.50 5.60 percent Jun 2026
Inflation Rate YoY 4.20 4.60 percent Apr 2026
Inflation Rate MoM 0.40 1.10 percent Apr 2026
TD-MI Inflation Gauge MoM -0.30 0.60 percent May 2026
PPI 0.40 0.80 percent Mar 2026
Producer Prices 138.20 137.70 points Mar 2026
PPI YoY 3.00 3.50 percent Mar 2026
Rent Inflation 3.50 3.70 percent Apr 2026
Services Inflation 3.50 3.60 percent Apr 2026
RBA Trimmed Mean CPI QoQ 0.80 0.90 percent Mar 2026
RBA Weighted Median CPI 0.20 0.20 percent Apr 2026
RBA Weighted Median CPI YoY 3.50 3.50 percent Apr 2026


Australia Commodity Prices YoY
Commodity Prices YoY measures the yearly change in the selling price of exported commodities. Commodity exports have on average accounted for more than half of Australia's export income. Because changes in export prices explain approximately three-quarters of the fluctuations in the growth of export values since 1990, developments in export prices can have a significant impact on export earnings and economic activity in Australia. The most important commodities in the RBA Index of Commodity Prices are iron ore (27.1 percent of the total weight), metallurgical coal (16 percent), LNG (15.8 percent), thermal coal (9.5 percent), gold (7.5 percent) and alumina (4.1 percent).
Actual Previous Highest Lowest Dates Unit Frequency
16.80 15.10 61.60 -32.80 1983 - 2026 percent Monthly
NSA

News Stream
Australia Commodity Prices Rise 16.8% in May
The Reserve Bank of Australia’s Index of Commodity Prices jumped 16.8% year-on-year in May 2026, following a downwardly revised 15.1% rise in the previous month and remaining at its highest level since December 2022. The increase was driven primarily by strong price growth in lithium, coking coal, and rural commodities, which more than offset declines in iron ore and gold prices. On a monthly basis, the index increased 1.3%, rebounding from an upwardly revised 0.3% drop in the prior period, supported by higher prices across both rural and non-rural commodities, as well as gains in base metals.
2026-06-01
Australian Commodity Prices Highest Since 2022
The Reserve Bank of Australia’s Index of Commodity Prices rose by 15.7% year-on-year in April 2026, accelerating from a downwardly revised 12.7% increase in the previous month. This marked the highest reading since December 2022, as stronger price growth in rural commodities and base metals more than offset declines in liquefied natural gas and alumina. In Australian dollar terms, the index increased by 4.6%. On a monthly basis, commodity prices fell by 0.5%, reversing a 3.5% gain in March, mainly due to lower prices in both rural and non-rural subindices. In contrast, the base metals subindex continued to rise.
2026-05-01
Australia Commodity Prices Rise the Most Since 2023
The Reserve Bank of Australia’s Index of Commodity Prices advanced 12.8% year-on-year in March 2026, from an upwardly revised 4.9% gain in the previous month, marking the largest price growth since January 2023. The increase was mainly driven by higher prices of gold, lithium, coking coal, and rural commodities, which more than offset the declines in iron ore and alumina. On a monthly basis, the index rose 2.6%, following an upwardly revised 1.6% rise in February, and marking the eighth consecutive month of growth. Gains were broad-based, with both rural commodities, non-rural commodities, and base metals all recording increases. In Australian dollar terms, the index also grew by 2.1% year-on-year in March.
2026-04-01