RBA commodity price index up again

EXPORT commodity prices started rising again in November.

The Reserve Bank of Australia's (RBA) index of commodity prices was 0.1 per cent higher in the month, in Special Drawing Rights (SDR) terms, after falling by 0.4 per cent in October.

The price index is measured in terms of special drawing rights (SDRs), an average of four major currencies - the US dollar, euro, Japanese yen, and British pound.

The RBA said prices for gold, coking coal and wheat fell.

These were offset by increases in the prices of iron ore and thermal coal.

Over the 12 months to November, the index declined by 1.9 per cent.

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