RBA commodity price index logs largest annual decline since September 2012: The index slid 1.8% in November, the 11th consecutive month that a fall has been...

RBA commodity price index logs largest annual decline since September 2012: The index slid 1.8% in November, the 11th consecutive month that a fall has been recorded, with the annual decline accelerating to 18.6%, the largest seen since September 2012. Bulks are off 33.5%, the steepest fall since December 2009, with non-rural commodities sliding 21.6%. Despite the bearish headlines that tend to tar all commodities with the same brush, rural commodities and base metals are both higher, rising 0.9% and 12.1% respectively. Still, given bulks and non-rural commodities make up 83.3% of the index, this is little consolation in the greater scheme of things. (VIEW LINK) (VIEW LINK)