The Reserve Bank of Australia published preliminary estimates for its Index of Commodity Prices for February 2026, showing a 0.7% increase on a monthly average basis in special drawing rights (SDR) terms, following a 4.9% rise in January. In Australian dollar (AUD) terms, the index fell 2.7% in February. Over the year to February, the index rose 3.4% in SDR terms but declined 2.9% in AUD terms. Rural and non-rural subindices increased in the month, while the base metals subindex edged down slightly; over the year, a fall in iron ore prices was more than offset by higher coking coal, gold and rural commodity prices. The RBA also noted it is using preliminary estimates for iron ore, coking coal, thermal coal and LNG export prices for the most recent months based on market information; using spot prices for the bulk commodities index, the index rose 0.3% in February in SDR terms and was 4.8% higher over the past year.
Reserve Bank of Australia 2026-03-02
Reserve Bank of Australia preliminary data show commodity price index up 0.7% in SDR terms in February but down 2.7% in Australian dollars
The Reserve Bank of Australia reported a 0.7% monthly increase in its Index of Commodity Prices for February 2026 in SDR terms, following a 4.9% rise in January, while the index fell 2.7% in AUD terms. Over the year, the index rose 3.4% in SDR terms but declined 2.9% in AUD terms, with rural and non-rural subindices increasing and base metals slightly down. Preliminary estimates for key export prices indicated a 0.3% rise in February in SDR terms and a 4.8% increase over the year.