The Reserve Bank of Australia’s Index of Commodity Prices declined 4.3% year-on-year in August 2025, easing from an upwardly revised 9.7% fall in July. Although this marked the continuation of a two-and-a-half-year stretch of falling commodity prices, it was the mildest decline since July 2024. The sustained weakness was mainly attributed to lower prices for thermal coal and coking coal, two of Australia’s key export commodities. In Australian dollar terms, however, the index edged 0.1% higher in August, reversing a 4.6% fall in the previous month and recording its first growth since February 2023, albeit marginal. On a monthly basis, the index rose 1.4% in SDR terms, picking up from July’s 0.7% gain. Strength was broad-based, with rural and non-rural subindices posting increases, though the base metals subindex moved lower, highlighting uneven momentum across commodity categories. source: Reserve Bank of Australia

Commodity Prices YoY in Australia decreased by 4.30 percent in August from -9.70 percent in July of 2025. Commodity Prices YoY in Australia averaged 3.49 percent from 1983 until 2025, reaching an all time high of 61.60 percent in July of 2021 and a record low of -32.80 percent in July of 2009. This page includes a chart with historical data for Australia Commodity Prices YoY. Australia Commodity Prices YoY - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.

Commodity Prices YoY in Australia decreased by 4.30 percent in August from -9.70 percent in July of 2025. Commodity Prices YoY in Australia is expected to be -6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Commodity Prices YoY is projected to trend around 1.90 percent in 2026 and 1.30 percent in 2027, according to our econometric models.



Related Last Previous Unit Reference
Commodity Prices YoY -4.30 -9.70 percent Aug 2025
CPI 141.70 140.70 points Jun 2025
Core Consumer Prices 140.89 140.05 points Jun 2025
RBA Trimmed Mean CPI YoY 2.70 2.90 percent Jun 2025
CPI Housing Utilities 153.30 151.50 points Jun 2025
CPI Transportation 129.00 129.90 points Jun 2025
Export Prices 154.30 161.60 points Jun 2025
Export Prices -4.50 2.10 percent Jun 2025
Food Inflation 3.00 3.20 percent Jun 2025
GDP Chain Price Index 105.20 105.70 points Jun 2025
GDP Deflator 106.00 106.00 points Jun 2025
Import Prices 134.80 135.90 points Jun 2025
Import Prices -0.80 3.30 percent Jun 2025
Consumer Inflation Expectations 3.90 4.70 percent Aug 2025
Inflation Rate YoY 2.10 2.40 percent Jun 2025
Inflation Rate QoQ 0.70 0.90 percent Jun 2025
TD-MI Inflation Gauge MoM -0.30 0.90 percent Aug 2025
Monthly CPI Indicator 2.80 1.90 percent Jul 2025
PPI 0.70 0.90 percent Jun 2025
Producer Prices 135.20 134.20 points Jun 2025
PPI YoY 3.40 3.70 percent Jun 2025
Rent Inflation 4.50 5.50 percent Jun 2025
Services Inflation 3.30 3.70 percent Jun 2025
RBA Trimmed Mean CPI 0.60 0.70 percent Jun 2025
RBA Weighted Median CPI 0.60 0.70 percent Jun 2025
RBA Weighted Median CPI YoY 2.70 2.90 percent Jun 2025

Australia Commodity Prices YoY
Commodity Prices YoY measures the yearly change in the selling price of exported commodities. Commodity exports have on average accounted for more than half of Australia's export income. Because changes in export prices explain approximately three-quarters of the fluctuations in the growth of export values since 1990, developments in export prices can have a significant impact on export earnings and economic activity in Australia. The most important commodities in the RBA Index of Commodity Prices are iron ore (27.1 percent of the total weight), metallurgical coal (16 percent), LNG (15.8 percent), thermal coal (9.5 percent), gold (7.5 percent) and alumina (4.1 percent).
Actual Previous Highest Lowest Dates Unit Frequency
-4.30 -9.70 61.60 -32.80 1983 - 2025 percent Monthly
NSA

News Stream
Australia Commodity Prices Fall the Least in a Year
The Reserve Bank of Australia’s Index of Commodity Prices declined 4.3% year-on-year in August 2025, easing from an upwardly revised 9.7% fall in July. Although this marked the continuation of a two-and-a-half-year stretch of falling commodity prices, it was the mildest decline since July 2024. The sustained weakness was mainly attributed to lower prices for thermal coal and coking coal, two of Australia’s key export commodities. In Australian dollar terms, however, the index edged 0.1% higher in August, reversing a 4.6% fall in the previous month and recording its first growth since February 2023, albeit marginal. On a monthly basis, the index rose 1.4% in SDR terms, picking up from July’s 0.7% gain. Strength was broad-based, with rural and non-rural subindices posting increases, though the base metals subindex moved lower, highlighting uneven momentum across commodity categories.
2025-09-01
Australian Commodity Prices Fall the Least in 3 Months
The Reserve Bank of Australia’s Index of Commodity Prices declined by 9% year-on-year in July 2025, easing from an upwardly revised 10.1% drop in the previous month. This marked the 29th consecutive month of falling commodity prices but represented the softest decline since April, amid lower prices for iron ore, thermal coal, and coking coal. In Australian dollar terms, the index fell by 3.9% in July, moderating from an upwardly revised 4.9% drop in the prior month. On a monthly basis, commodity prices rose by 1.3% in July, rebounding from a 0.8% decline in June, with rural, non-rural, and base metals sub-indices all increasing during the month.
2025-08-01
Australian Commodity Prices Fall at Softer Pace
The Reserve Bank of Australia's Index of Commodity Prices fell by 8.7% year-on-year in June 2025, easing from an upwardly revised 9.4% decline in the previous month. This marked the 28th consecutive month of falling commodity prices and the softest drop since March, primarily driven by lower iron ore and coking coal prices. In Australian dollar terms, the index decreased by 3.5% in June, deepening from a 2.9% fall in the prior month. On a monthly basis, commodity prices declined by 0.8% in June, reversing a 0.4% rise in the preceding month. While increases were recorded in rural and base metals, the non-rural sub-index declined.
2025-07-01