RTTN: Australian Commodity Prices Drop In September
(RTTNews) - Thursday, the Reserve Bank of Australia said the index of commodity prices in SDR terms fell 0.6% month-on-month in September, after a revised 3.1% increase in the previous month.
The largest contributors to the fall in September were decreases in the prices of wheat, nickel and aluminium. On the other hand, the prices of gold and lead climbed.
In Australian dollar terms, the index was estimated to have fallen 2.7% sequentially in September, faster than the revised 0.2% drop in August.
by RTT Staff Writer
For comments and feedback: contact editorial@rttnews.com
