Index of Commodity Prices-2021

Preliminary estimates for January indicate that the index increased by 7.3 per cent (on a monthly average basis) in SDR terms, after increasing by 8.5 per cent in December (revised). The non-rural, rural and base metals sub-indices all increased within the month. In Australian dollar terms, the index increased by 4.8 per cent in January.

Over the past year, the index has increased by 19.7 per cent in SDR terms, led by higher ore prices. The index has increased by 11.4 per cent in Australian dollar terms.

Consistent with previous releases, preliminary estimates for ore , coking coal, thermal coal and LNG export prices are getting used for the foremost recent months, supported market information. Using spot prices for the majority commodities, the index increased by 6.3 per cent in January in SDR terms, to be 24.2 per cent higher over the past year.

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