Search: Index of Commodity Prices

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RBA Glossary definition for Index of Commodity Prices

Index of Commodity Prices – A Reserve Bank of Australia-compiled index which provides a measure of price movements in rural and non-rural (including base metals) commodities in Australian Dollars (AUD), Special Drawing Rights (SDR) and United States Dollars (USD).

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Appendix B: Data Descriptions and Sources

31 Dec 2005 RDP 2005-06
Leon Berkelmans
Download the Paper 205. KB. Real commodity prices (comm): Index of commodity prices in US dollars (Reserve Bank of Australia), deflated by the United States underlying CPI (Datastream code: USCPXFDEE). ... Inflation (π): Quarterly inflation of the
https://www.rba.gov.au/publications/rdp/2005/2005-06/appendix-b.html

The Set-up of the SVAR

31 Dec 2005 RDP 2005-06
Leon Berkelmans
The inclusion of commodity prices has also been found to help resolve the ‘price puzzle’ in VARs, that is, the finding that the price level tends to increase in response to ... Commodity prices are thought to control for policy-makers' expectations
https://www.rba.gov.au/publications/rdp/2005/2005-06/set-up-svar.html