RBA commodity price index surges

The RBA’s commodity price index released yesterday showed a 16% jump YoY, its biggest jump since 2011. The index is a leading indicator of the nation's trade balance with other countries because rising commodity prices boost export income. “Annual growth came in at 16.0 per cent, although using spot market prices rather than actual prices paid, the index was up by 10.1 per cent in the month and by 34.2 per cent through the year, the RBA said. "Commodity prices have risen over recent months, following the very substantial declines over the past few years," the RBA said in its interest rate announcement. (VIEW LINK)


MORE ON



Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.