Index of Commodity Prices June 2010

Preliminary estimates for June indicate that the index increased by 2.0 per cent (on a monthly average basis) in SDR terms, after rising 2.6 per cent in May (revised). The largest contributors to the rise in June were increases in the estimated prices of iron ore and coal. The price of gold also rose, while the prices of wheat and base metals fell. In Australian dollar terms, the index rose by 3.4 per cent in June, following an increase of 6.3 per cent in May (revised).

As indicated in previous releases, preliminary estimates for iron ore, coking coal and thermal coal export prices are being used for recent months, based on market information.

For further details regarding the construction of the index, please refer to ‘Updating the RBA's Index of Commodity Prices’ in the October 2009 issue of the Bulletin.