Search: Index of Commodity Prices
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 D: Glossary and Data
31 Dec 2005
RDP
2005-11
p. com. Index of commodity prices in foreign currency terms. π. ... Definition: RBA Index of Commodity Prices, converted to foreign currency terms by multiplying by the nominal trade-weighted exchange rate.
https://www.rba.gov.au/publications/rdp/2005/2005-11/appendix-d.html
Introduction and Overview
31 Dec 2005
RDP
2005-11
goods) terms of trade and the real interest differential between Australia and the rest of the world (together with short-run influences from commodity prices and the performance of US shares). ... magnitude of which is estimated, with an associated
https://www.rba.gov.au/publications/rdp/2005/2005-11/introduction.html
Remaining Components of the Model
31 Dec 2005
RDP
2005-11
Δp. com. In steady state, Australian commodity prices are assumed not to be changing in foreign currency terms. ... the level of import prices by 1 per cent relative to baseline (in view of the PPP restriction in the model's import price equation).
https://www.rba.gov.au/publications/rdp/2005/2005-11/remaining-components-model.html