The Reserve Bank of Australia commodity price index rose month-on-month in September

(1) Preliminary estimates by the Reserve Bank of Australia show that, calculated using Special Drawing Rights, the commodity price index rose by an average of 1.4% month-on-month in September. (2) In August, the index rose by 0.3% month-on-month. (3) During the month, the rural, non-rural, and base metal sub-indices all increased. (4) Calculated in Australian dollars, the index rose by 1.0% in September. (5) Over the past year, calculated using Special Drawing Rights, the index has accumulated an increase of 15.5%. (6) Prices of most commodities generally increased, except for iron ore, alumina, and copper ore. (7) Calculated in Australian dollars, the index rose by 6.6% in the past year. (8) As in previous releases, the latest month's export prices for iron ore, coking coal, thermal coal, and liquefied natural gas are based on preliminary estimates derived from market information. (9) Using commodity spot prices for calculation, the index rose by 3.3% in September when calculated with Special Drawing Rights, and remains 17.7% higher over the past year. (10) Subsequent attention is focused on the price trends of iron ore, coal, and liquefied natural gas, as well as the outlook for commodity currencies and export revenues.