RBA November Commodity Price Index In SDR Terms Falls On Month
(RTTNews) - Monday, the Reserve Bank of Australia said its commodity price index fell 2.7% month-on-month in November in special drawing rights terms. This follows a revised increase of 4.6% in October.
According to the central bank, the largest contributors to the fall in November were decreases in the prices of copper, aluminium, beef and veal, and gold.
In Australian dollar terms, the index rose by 0.5% following a revised increase of 10.1% in October.
Year-on-year, the index rose 34.56% in November in SDR terms, compared with a revised growth of 35.9% in the previous month.
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