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Commodities Briefing - Categorized | Index, Price Watch more

RBA commodities index lifts sharply

Posted on 02 November 2016

The Reserve Bank’s index of commodity prices is up by the biggest monthly margin since April 2010, on a foreign currency basis. The 9.5 per cent rise in October was driven mainly by the higher price of coking coal, but both base metals and rural commodities were up on average in the month as well.
Annual growth came in at 16.0 per cent. However, 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……………………………………Full Article: Source


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