Index of Commodity Prices April 2026

Preliminary estimates for April indicate that the index decreased by 0.5 per cent (on a monthly average basis) in SDR terms, after increasing by 3.5 per cent in March. The rural and non-rural subindices decreased in the month, while the base metals subindex increased. In Australian dollar terms, the index decreased by 0.8 per cent in April.

Over the past year, the index has increased by 15.7 per cent in SDR terms. Increases in the price of rural commodity prices and base metal prices have more than offset declines in liquefied natural gas and alumina. The index has increased by 4.6 per cent in Australian dollar terms.

Consistent with previous releases, preliminary estimates for iron ore, coking coal, thermal coal and LNG export prices are being used for the most recent months, based on market information. Using spot prices for the bulk commodities index, the index decreased by 0.6 per cent in April in SDR terms, but remains 16.9 per cent higher over the past year.

For further details regarding the construction of the index, please refer to ‘Changes to the RBA Index of Commodity Prices: 2013’ in the March 2013 issue of the Bulletin and ‘Weights for the Index of Commodity Prices’ (April 2026).

Details are in the attached table and graph.