Australia’s Commodity Price Index increased 1.2% in August 2026 in SDR terms, reversing a 0.5% decline in July, according to preliminary estimates from the Reserve Bank of Australia (RBA). The data adds to the latest Macroeconomic News covering Australia’s economy and commodity markets.
The increase was driven by higher prices for non-rural commodities and base metals, while the rural commodities subindex declined. In Australian dollar terms, the index rose 0.1% in August.
Over the past year, the index has increased 15.5% in SDR terms, with gains broadly spread across most commodities. Iron ore and alumina were notable exceptions. In Australian dollar terms, the index is up 5.8% over the year.
The bulk commodities index, using spot prices, increased 1.0% in August in SDR terms and is 14.7% higher than a year earlier. Preliminary export-price estimates for iron ore, coking coal, thermal coal and LNG are being used for the latest months.
Market Impact
Stronger commodity prices can support the Australian dollar (AUD) by improving export revenues and Australia’s external position. Traders following Market Analysis will therefore be watching commodity prices alongside RBA policy, Chinese economic conditions and global risk sentiment.
For forex traders, the key figures are the 1.2% monthly increase, 15.5% annual gain and 1.0% rise in the spot-based bulk commodities index.
Upcoming Australian economic releases can also be monitored through Economic Calendar Events, particularly data that could influence AUD and expectations for RBA monetary policy.
Investors should also follow the latest Central Banks coverage for updates on the RBA and its potential impact on the Australian dollar.
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