FX.co ★ Australian Commodity Prices Shrink the Least in 7 Months

In March 2025, the Reserve Bank of Australia's Index of Commodity Prices experienced a 6.5% year-on-year decline, a moderation from the revised 8.9% decrease observed in the previous month. This represents the 25th successive month of declining commodity prices, albeit at the mildest rate since August 2024. This trend was influenced largely by reductions in iron ore and coking coal prices. When considered in Australian dollar terms, the index contracted by 2.8% in March 2025, compared to an 8.2% drop the month before. On a month-to-month basis, there was a 3.2% downturn in commodity prices, overturning a 0.6% increase recorded in February 2025, with declines noted in both the rural and non-rural sub-indices. Nevertheless, the base metals sub-index registered an uptick. In March 2025, the index in Australian dollar terms registered a 1.7% decline.