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Indicator Digest

Commodity Price Index
Measuring the price changes of commodities is important to countries such as New Zealand and Australia which rely on exports of their goods.

Main Indicator: RBA Commodity Index y/y

Most Recent Release

March
1st, 2010
Actual Forecast Previous Revised Form
-9.7% -11.7% N/A

Table of Past Data

1/22/23/24/19/110/111/212/11/43/1
Actual34.4%29.3%19.1%7.6%-31.8%-32.3%-31.1%-25.3%-16.6%-9.7%
Forecast
Previous35.0%34.3%28.6%13.2%-32.1%-31.8%-33.9%-31.1%-24.4%-11.7%
Revised FromN/AN/AN/A19.1%-31.8%N/A-32.3%N/A-25.3%N/A

Past Releases

January
4th, 2010
Actual Forecast Previous Revised Form
-16.6% -24.4% -25.3%

From the Reserve Bank of Australia

From the release:

Preliminary estimates for December indicate that the index increased by 0.8 per cent (on a monthly average basis) in SDR terms, following an increase of 2.1 per cent (revised) in November. The largest contributors to the rise in December were increases in the prices of aluminium, sugar, beef & veal and copper. In Australian dollar terms, the index is estimated to have increased by 1.9 per cent in December, following an increase of 1.3 per cent (revised) in November.
December
1st, 2009
Actual Forecast Previous Revised Form
-25.3% -31.1% N/A

For November
Provided by: Reserve Bank of Australia

m/m: 0.7% (Oct), 0.0% (Sept)

November
2nd, 2009
Actual Forecast Previous Revised Form
-31.1% -33.9% -32.3%

For October
Provided by: Reserve Bank of Australia

m/m: 0.7%, pr. 0.0%

October
1st, 2009
Actual Forecast Previous Revised Form
-32.3% -31.8% N/A
September
1st, 2009
Actual Forecast Previous Revised Form
-31.8% -32.1% -31.8%
April
1st, 2009
Actual Forecast Previous Revised Form
7.6% 13.2% 19.1%

For March
Provided by: Reserve Bank of Australia

Commodity Index m/m: pr. 0.3% (Feb), 0.8% (Jan), -4.0% (Dec),
-2.7% (Nov), -4.6% (Oct), 0.7% (Sep), 2.0% (Aug), 3.6% (Jul), 7.9% (Jun),
6.1% (May), 9.4% (Apr)

March
2nd, 2009
Actual Forecast Previous Revised Form
19.1% 28.6% N/A

For February
Provided by: Reserve Bank of Australia

Commodity Index m/m: 0.3%, pr. 0.8% (Jan), -4.0% (Dec), -2.7% (Nov),
-4.6% (Oct), 0.7% (Sep), 2.0% (Aug), 3.6% (Jul), 7.9% (Jun), 6.1% (May),
9.4% (Apr)

From the Release: "Preliminary estimates for February indicate that the index rose by 0.3 per cent (on a monthly average basis) in SDR terms, following a slight increase (revised) in January. The largest contributor to the rise in February was the increase in the price of gold. The prices of coking coal and beef and veal fell. In Australian dollar terms, the index rose by 2.8 per cent in February, following a fall of 1.5 per cent (revised) in January."

February
2nd, 2009
Actual Forecast Previous Revised Form
29.3% 34.3% N/A

For January
Provided by: Reserve Bank of Australia

Commodity Index m/m: 0.8%, pr. -4.0% (Dec), -2.7% (Nov), -4.6% (Oct),
0.7% (Sep), 2.0% (Aug), 3.6% (Jul), 7.9% (Jun), 6.1% (May), 9.4% (Apr)

January
2nd, 2009
Actual Forecast Previous Revised Form
34.4% 35.0% N/A

For December
Provided by: Reserve Bank of Australia

Commodity Index m/m: pr. -2.7%, -4.6% (Oct), 0.7% (Sep), 2.0% (Aug),
3.6% (Jul), 7.9% (Jun), 6.1% (May), 9.4% (Apr)