Australia Commodity Prices Rebound in January

2026-02-02 05:40 By Czyrill Jean Coloma 1 min. read

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.



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