The Reserve Bank of Australia’s Index of Commodity Prices rose 15.5% year-on-year in September 2026, slowing from an upwardly revised 16.2% increase in August and marking the lowest reading since March. Gains were broadly based across most commodities, with the exception of iron ore, alumina and copper ore prices. In Australian dollar terms, the index rose 6.6% from a year earlier. On a monthly basis, commodity prices increased 1.4% in September in SDR terms, following a downwardly revised 0.3% rise in August. The rural, non-rural, and base metals subindices all increased during the month. In Australian dollar terms, the index went up 1.0% month-on-month. source: Reserve Bank of Australia

Commodity Prices YoY in Australia decreased to 15.50 percent in September from 16.20 percent in August of 2026. Commodity Prices YoY in Australia averaged 3.64 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 October of 2026.

Commodity Prices YoY in Australia decreased to 15.50 percent in September from 16.20 percent in August of 2026. Commodity Prices YoY in Australia is expected to be 12.00 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 15.50 16.20 percent Sep 2026
CPI 103.50 103.07 points Aug 2026
Core Consumer Prices 108.14 107.88 points Aug 2026
RBA Trimmed Mean CPI YoY 3.60 3.60 percent Aug 2026
CPI Housing Utilities 104.88 104.71 points Aug 2026
CPI Transportation 105.52 101.24 points Aug 2026
Export Prices 160.30 158.60 points Jun 2026
Export Prices 1.10 0.50 percent Jun 2026
Food Inflation 3.00 3.20 percent Aug 2026
GDP Chain Price Index 105.60 106.20 points Jun 2026
GDP Deflator 106.20 105.80 points Jun 2026
Import Prices 143.20 135.50 points Jun 2026
Import Prices 5.70 0.10 percent Jun 2026
Consumer Inflation Expectations 5.30 4.90 percent Oct 2026
Inflation Rate YoY 4.00 3.50 percent Aug 2026
Inflation Rate MoM 0.40 1.00 percent Aug 2026
TD-MI Inflation Gauge MoM 0.30 0.50 percent Sep 2026
PPI 1.30 0.40 percent Jun 2026
Producer Prices 140.00 138.20 points Jun 2026
PPI YoY 3.60 3.00 percent Jun 2026
Rent Inflation 3.60 3.60 percent Aug 2026
Services Inflation 3.70 3.70 percent Aug 2026
RBA Trimmed Mean CPI QoQ 0.80 0.80 percent Jun 2026
RBA Weighted Median CPI 0.30 0.40 percent Aug 2026
RBA Weighted Median CPI YoY 3.60 3.60 percent Aug 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
15.50 16.20 61.60 -32.80 1983 - 2026 percent Monthly
NSA

News Stream
Australia Commodity Prices Rise at Slowest Pace in 6 Months
The Reserve Bank of Australia’s Index of Commodity Prices rose 15.5% year-on-year in September 2026, slowing from an upwardly revised 16.2% increase in August and marking the lowest reading since March. Gains were broadly based across most commodities, with the exception of iron ore, alumina and copper ore prices. In Australian dollar terms, the index rose 6.6% from a year earlier. On a monthly basis, commodity prices increased 1.4% in September in SDR terms, following a downwardly revised 0.3% rise in August. The rural, non-rural, and base metals subindices all increased during the month. In Australian dollar terms, the index went up 1.0% month-on-month.
2026-10-01
Australian Commodity Prices Rise at Softer Pace
The Reserve Bank of Australia's Index of Commodity Prices rose 15.5% year-on-year in August 2026, easing from an upwardly revised 17.2% gain in the previous month. The advance was driven by higher prices across most commodities, except iron ore and alumina. In Australian dollar terms, the index climbed 5.8% year-on-year in August. On a monthly basis, commodity prices increased 1.2% in August in SDR terms, reversing a 0.5% decline in the preceding month. The non-rural and base metals subindices posted gains, while the rural subindex decreased.
2026-09-01
Australia Commodity Prices Rise 15.4% in July
The Reserve Bank of Australia’s Index of Commodity Prices increased 15.4% year-on-year in July 2026, following a downwardly revised 14.6% rise in the previous month. The annual increase was broadly supported by higher prices across rural commodities, bulk commodities, and base metals. On a monthly basis, the index rose 0.6% in July, rebounding from a 2.2% decline in the previous month, as gains in non-rural and rural commodity prices more than offset a decline in base metals.
2026-08-04