| Prices for Australia’s key commodity exports continued to tumble in January. The latest commodity price index from the Reserve Bank of Australia fell by 2.9% in special drawing rights terms (SDR), largely in response to weakness in iron ore and oil prices.
The decline, following a 3.85% fall in December, left the index down 25.8% from 12 months earlier. From its all time peak of 138.2, struck in July 2011, the index has now fallen by 56% in SDR terms. It now sits at the lowest level seen since October 2005...............................................Full Article: Source
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