Commodity Prices — methodology

What this metric measures

The RBA Index of Commodity Prices in Australian dollars — a weighted index of the prices Australia's key commodity exports fetch on world markets.

Why it matters: Commodity prices drive national income, the budget and the dollar. When they fall, export revenue and government tax receipts fall with them.

Source & provenance

Publisher

RBA Table I2 (GRCPAIAD) — Index of Commodity Prices, A$

Update frequency

monthly

Licence

CC BY 4.0

How the score is computed

The score is a 0–100 normalisation of the latest observation, compared to a baseline window. The traffic-light rating (RAG) reflects both the absolute level and the recent trend.

Direction

Context-dependent

Trend window

24 months

Baseline

Last 10 years

{
  "neutral": true
}