FX.co ★ Australian Commodity Prices Swing Back to Growth in January

Australia’s commodity prices returned to positive territory in January 2026, with the year-over-year indicator rising to 2.6%, according to data updated on 2 February 2026. This marks a notable turnaround from the previous reading of -3.2%, which reflected a decline in prices on a year-over-year basis in the prior month.

The current figure compares the change in January 2026 to January 2025, while the previous reading measured the prior month’s change against the same month a year earlier. The shift from negative to positive growth suggests a strengthening in commodity price dynamics at the start of the year, a development closely watched in Australia given the sector’s key role in the country’s export revenues and broader economic outlook.