Australia Commodity Prices Rebound in January

EthereumCraftsman · 2026-02-02T05:45:18+00:00

In January 2026, Australia's Commodity Price Index increased by 2.6% year-on-year, driven by gains in gold, lithium, and rural commodities, despite declines in iron ore and oil prices. The monthly increase was 4.6%, marking six months of growth.

EthereumCraftsman

2026-02-02 05:45:18

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The Reserve Bank of Australia’s Index of Commodity Prices rose by 2.6% year-on-year in January 2026, rebounding from a downwardly revised 3.2% fall in December. The recovery was driven mainly by higher prices for gold, lithium, and rural commodities, which more than offset declines in iron ore, oil, and coking coal prices. On a monthly basis, the index increased by 4.6%, accelerating sharply from an upwardly revised 1.7% rise in the previous month and marking a sixth consecutive month of growth. Gains were broad-based, with rural commodities, non-rural commodities, and base metals all recording increases. In Australian dollar terms, the index also rose by 2.6% year-on-year in January.

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