Reserve Bank of Australia (RBA) Index of Commodity Prices y/y

Country:
Australia
AUD, Australian Dollar
Sector:
Prices
Low 14.9% 17.5%
14.9%
Last release Importance Actual Forecast
Previous
9.9%
14.9%
Next release Actual Forecast
Previous
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Reserve Bank of Australia (RBA) Index of Commodity Prices y/y measures the weighted average change in commodity prices, in the reported month compared to the same month of the previous year.

Each of the values used for the index calculation is given a certain weight, which reflects its importance in the total export volume for the base period. Weights of various commodity items are updated annually and calculated based on export values ​​for the previous two fiscal years. The current base period is set to 2011/2012; the index benchmark for that years is equal to 100.

The current list includes more than 20 goods exported by Australia, which account for about 90% of the country's export earnings. The Reserve Bank of Australia regularly revises the index components to ensure that it reflects all the main positions. The list is revised approximately every five years. The calculations are based on the weighted average values of contract and spot prices provided by the Australian Bureau of Statistics.

Australia has an export-type economy. Its development largely depends on export prices for primary commodities, from iron ore to food (meat, milk, plant products). Price change can have a significant impact on cash flows and economic activity in the country. Therefore, the commodity index growth can have a positive effect on the Australian dollar quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "Reserve Bank of Australia (RBA) Index of Commodity Prices y/y" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Nov 2018
14.9%
17.5%
14.9%
Oct 2018
13.1%
10.6%
6.2%
Sep 2018
4.8%
11.1%
6.6%
Aug 2018
6.7%
3.7%
7.5%
Jul 2018
7.6%
8.1%
9.8%
Jun 2018
6.6%
7.5%
3.5%
May 2018
3.6%
1.2%
-1.8%
Apr 2018
-1.4%
-4.2%
-2.8%
Mar 2018
-2.1%
-0.1%
-2.8%
Feb 2018
-1.0%
4.7%
-1.1%
Jan 2018
-0.6%
-8.9%
-6.0%
Dec 2017
-5.9%
-4.0%
Nov 2017
-3.3%
10.9%
Oct 2017
9.1%
19.4%
Sep 2017
18.3%
20.8%
Aug 2017
20.1%
21.7%
Jul 2017
17.1%
23.7%
Jun 2017
25.0%
30.1%
May 2017
32.6%
40.5%
Apr 2017
38.6%
46.8%
Mar 2017
50.1%
59.1%
Feb 2017
56.0%
57.1%
Jan 2017
55.7%
44.8%
Dec 2016
45.5%
28.7%
Nov 2016
32.1%
15.3%
Oct 2016
16.0%
3.9%
Sep 2016
3.1%
0.3%
Aug 2016
0.8%
-2.7%
Jul 2016
-2.0%
-10.0%
Jun 2016
-9.9%
-9.1%
May 2016
-10.0%
-9.4%
Apr 2016
-9.4%
-15.6%
Mar 2016
-15.4%
-22.2%
Feb 2016
-21.6%
-24.8%
Jan 2016
-25.8%
-22.7%
Dec 2015
-23.3%
-21.8%
Nov 2015
-22.0%
-20.2%
Oct 2015
-19.8%
-21.0%
Sep 2015
-21.3%
-21.4%
Aug 2015
-20.9%
-19.1%
Jul 2015
-20.2%
-17.1%
Jun 2015
-17.9%
-20.8%
May 2015
-19.5%
-20.7%
Apr 2015
-20.5%
-19.2%
Mar 2015
-19.7%
-21.6%
Feb 2015
-20.6%
-19.2%
Jan 2015
-20.4%
-20.6%
Dec 2014
-21.2%
-18.6%
Nov 2014
-18.6%
-17.6%
Oct 2014
-16.9%
-16.8%

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