Australia Commodity Prices Rise the Most Since 2023

2026-04-01 06:05 By Mariene Camarillo 1 min. read

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.



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Australia Commodity Prices Rise the Most Since 2023
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