Australian Commodity Prices Fall at Softer Pace

The Reserve Bank of Australia’s Index of Commodity Prices fell by 8.7% year-on-year in June 2025, easing from an upwardly revised 9.4% decline in the previous month. This marked the 28th consecutive month of falling commodity prices and the softest drop since March, primarily driven by lower iron ore and coking coal prices. In Australian dollar terms, the index decreased by 3.5% in June, deepening from a 2.9% fall in the prior month. On a monthly basis, commodity prices declined by 0.8% in June, reversing a 0.4% rise in the preceding month. While increases were recorded in rural and base metals, the non-rural sub-index declined.