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Australia's Commodity Price Index Rises 1.4% in September

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Courtroom-sketch editorial illustration of wheat sacks, workers and steamships at Queen’s Wharf, Port Adelaide, from an archival 1920 photograph; historical commodity-export context, not the September 2026 price release, rendered in warm ochre and slate-blue pastel strokes.

The Reserve Bank of Australia's preliminary estimates show its commodity price index rose 1.4% in September on a monthly-average basis in Special Drawing Right terms, after a 0.3% rise in August. Rural, non-rural and base-metals subindices all increased, while the index rose 1.0% in Australian-dollar terms. Over the year, prices rose 15.5% in SDR terms and 6.6% in Australian-dollar terms, with gains across most commodities except iron ore, alumina and copper ore. The bank said the latest export-price estimates for iron ore, coking coal, thermal coal and liquefied natural gas were preliminary.

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