FX.co ★ Australian Commodity Prices Fall the Most in 3 Months

The Reserve Bank of Australia's Commodity Price Index experienced a 7.7% year-on-year decline in May 2025, following a revised decrease of 7.1% in April. This represents the 27th consecutive month of declining commodity prices and is the sharpest fall noted since February, primarily due to reduced prices for iron ore and coking coal. In terms of the Australian dollar, the index dropped by 2.9% in May, worsening from the revised 1.8% decline seen the previous month. On a monthly comparison, commodity prices increased by 0.4% in May, recovering from a revised 1.8% drop in April, with growth observed in the rural, non-rural, and base metals categories. However, when measured in Australian dollars, the index decreased by 1.5% in May 2025.