The RBA Index of Commodity Prices fell -1.2% MoM in April in terms after a -3.6% MoM drop in March.

• In Australian dollar terms, the index rose +0.4% MoM in April.
• Over the past year, the index is down -6.1% YoY in SDR terms, mainly due to lower iron ore and coking coal prices.
• The rural sub-index increased in April, while non-rural and base metals subindices declined.
• Using spot prices for bulk commodities, the index fell -0.8% MoM and -6.1% YoY in SDR terms.