Australian Commodity Prices Fall the Least in 3 Months

The Reserve Bank of Australia’s Index of Commodity Prices declined by 9% year-on-year in July 2025, easing from an upwardly revised 10.1% drop in the previous month.

This marked the 29th consecutive month of falling commodity prices but represented the softest decline since April, amid lower prices for iron ore, thermal coal, and coking coal.

In Australian dollar terms, the index fell by 3.9% in July, moderating from an upwardly revised 4.9% drop in the prior month.

On a monthly basis, commodity prices rose by 1.3% in July, rebounding from a 0.8% decline in June, with rural, non-rural, and base metals sub-indices all increasing during the month.