The commodity price index rose at a sharply faster pace in December, led by higher iron ore prices, preliminary data from the Reserve Bank of Australia showed on Monday.
The commodity price index climbed 11.7 percent year-on-year in SDR terms, following a 2.5 percent increase in November.
In Australian dollar terms, the index rose 6.6 percent from a year ago.
On a monthly average basis, the index increased 8.6 percent after a revised 2 percent rise in November. In Australian dollar terms, it rose 6.1 percent.
Sub-indexes for non-rural, rural and base metals increased in November, the bank said.
For comments and feedback contact: editorial@rttnews.com
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
