Australia Commodity Price Index Climbs Faster In December
The commodity price index rose at a sharply faster pace in December, led by higher iron ore prices, preliminary data from the Reserve Bank of Australia showed on Monday.
The commodity price index climbed 11.7 percent year-on-year in SDR terms, following a 2.5 percent increase in November.
In Australian dollar terms, the index rose 6.6 percent from a year ago.
On a monthly average basis, the index increased 8.6 percent after a revised 2 percent rise in November. In Australian dollar terms, it rose 6.1 percent.
Sub-indexes for non-rural, rural and base metals increased in November, the bank said.
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