FX.co ★ Australia Commodity Prices Drop Faster in November

In December 2025, the Reserve Bank of Australia's Index of Commodity Prices experienced a year-on-year decline of 3.8%. This descent follows an upwardly revised decrease of 1.8% in November, marking the third consecutive month of annual price reductions and the most significant drop in this sequence. The downturn was primarily driven by reduced prices for thermal coal, alumina, and liquified natural gas, despite observed increases in gold and rural commodity prices. However, on a month-to-month basis, the index saw a rise of 0.7%, continuing its upward trajectory for the fifth consecutive month, following a 1.4% increase in November. Gains were noted across rural, non-rural, and base metal categories. In terms of Australian dollars, the index recorded a year-on-year decline of 0.5% in December.