Preliminary estimates for November indicate that the index increased by 1.4% (on a monthly average basis) in SDR terms, after increasing by 2.2% in October. The rural, non-rural, and base metals subindices increased in the month. In Australian dollar terms, the index increased by 1.5% in November.

Over the past year, the index has decreased by 1.7% in SDR terms. Increases in gold and rural commodity prices have been more than offset by lower thermal coal, alumina, and liquified natural gas prices. The index has increased by 1.7% in Australian dollar terms.

Consistent with previous releases, preliminary estimates for iron ore, coking coal, thermal coal and LNG export prices are being used for the most recent months, based on market information. Using spot prices for the bulk commodities index, the index increased by 1.4% in November in SDR terms, to be 1.6% lower over the past year.