FX.co ★ Australian Commodity Prices Fall the Least in 8 Months

The Reserve Bank of Australia reported a 6.1% year-on-year decrease in its Index of Commodity Prices for April 2025, a slight improvement from the adjusted 7.2% decline seen in March. This marks the 26th month of consecutive declines in commodity prices, albeit at the slowest rate since August 2024, primarily due to reduced prices for iron ore and coking coal. When measured in Australian dollars, the index recorded a smaller decline of 0.7% in April 2025, down from a revised 3.5% decrease in the previous month. On a month-to-month basis, commodity prices fell by 1.2%, lessening from March's 3.6% drop, with decreases noted in both the non-rural and base metals sub-indices. Conversely, the rural sub-index exhibited growth. In terms of Australian dollars, the overall index experienced a 0.4% increase in April 2025.