The Reserve Bank of Australia’s Index of Commodity Prices rose by 2.6% year-on-year in January 2026, rebounding from a downwardly revised 3.2% fall in December. The recovery was driven mainly by higher prices for gold, lithium, and rural commodities, which more than offset declines in iron ore, oil, and coking coal prices. On a monthly basis, the index increased by 4.6%, accelerating sharply from an upwardly revised 1.7% rise in the previous month and marking a sixth consecutive month of growth. Gains were broad-based, with rural commodities, non-rural commodities, and base metals all recording increases. In Australian dollar terms, the index also rose by 2.6% year-on-year in January. source: Reserve Bank of Australia

Commodity Prices YoY in Australia increased to 2.60 percent in January from -3.20 percent in December of 2025. Commodity Prices YoY in Australia averaged 3.44 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 February of 2026.

Commodity Prices YoY in Australia increased to 2.60 percent in January from -3.20 percent in December of 2025. Commodity Prices YoY in Australia is expected to be -1.80 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 1.30 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Commodity Prices YoY 2.60 -3.20 percent Jan 2026
CPI 100.97 99.70 points Dec 2025
Core Consumer Prices 105.48 105.24 points Dec 2025
RBA Trimmed Mean CPI YoY 3.30 3.20 percent Dec 2025
CPI Housing Utilities 100.42 100.28 points Dec 2025
CPI Transportation 100.62 100.58 points Dec 2025
Export Prices 157.80 152.90 points Dec 2025
Export Prices 3.20 -0.90 percent Dec 2025
Food Inflation 3.40 3.30 percent Dec 2025
GDP Chain Price Index 103.40 102.60 points Sep 2025
GDP Deflator 104.30 102.90 points Sep 2025
Import Prices 135.40 134.20 points Dec 2025
Import Prices 0.90 -0.40 percent Dec 2025
Consumer Inflation Expectations 4.60 4.70 percent Jan 2026
Inflation Rate YoY 3.80 3.40 percent Dec 2025
Inflation Rate MoM 1.00 0.00 percent Dec 2025
TD-MI Inflation Gauge MoM 0.20 1.00 percent Jan 2026
PPI 0.80 1.00 percent Dec 2025
Producer Prices 137.70 136.60 points Dec 2025
PPI YoY 3.50 3.50 percent Dec 2025
Rent Inflation 3.90 4.00 percent Dec 2025
Services Inflation 4.10 3.60 percent Dec 2025
RBA Trimmed Mean CPI QoQ 0.90 1.00 percent Dec 2025
RBA Weighted Median CPI 0.20 0.30 percent Dec 2025
RBA Weighted Median CPI YoY 3.60 3.50 percent Dec 2025


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
2.60 -3.20 61.60 -32.80 1983 - 2026 percent Monthly
NSA

News Stream
Australia Commodity Prices Rebound in January
The Reserve Bank of Australia’s Index of Commodity Prices rose by 2.6% year-on-year in January 2026, rebounding from a downwardly revised 3.2% fall in December. The recovery was driven mainly by higher prices for gold, lithium, and rural commodities, which more than offset declines in iron ore, oil, and coking coal prices. On a monthly basis, the index increased by 4.6%, accelerating sharply from an upwardly revised 1.7% rise in the previous month and marking a sixth consecutive month of growth. Gains were broad-based, with rural commodities, non-rural commodities, and base metals all recording increases. In Australian dollar terms, the index also rose by 2.6% year-on-year in January.
2026-02-02
Australia Commodity Prices Drop Faster in November
The Reserve Bank of Australia’s Index of Commodity Prices dropped 3.8% year-on-year in December 2025, slipping further from an upwardly revised 1.8% fall in the previous month. This marked the third consecutive month of annual price decreases and the sharpest in the sequence, as lower costs for thermal coal, alumina, and liquified natural gas prices outweighed increases in gold and rural commodity prices. On a monthly basis, the index rose by 0.7%, marking the fifth straight month of growth, following a 1.4% gain in November, with rural, non-rural, and base metals all posting increases. In Australian-dollar terms, the index declined by 0.5% year-on-year in December.
2025-12-19
Australia Commodity Prices Fall at Faster Pace
The Reserve Bank of Australia’s Index of Commodity Prices fell 1.7% year-on-year in November 2025, compared with a 1.3% decline in the previous month. This marked the second consecutive month of annual price decreases, as lower costs for thermal coal, alumina, and liquefied natural gas outweighed increases in gold and rural commodities. On a monthly basis, the index rose 1.4%, easing from a downwardly revised 2.2% gain in October, with rural, non-rural, and base metals all posting increases. In Australian-dollar terms, the index was up 1.5% year-on-year in November.
2025-12-01