Preliminary estimates for April indicate that the index increased by 3.1 Per Cent (on a monthly Average basis) in SDR terms, after increasing by 2.8 per cent in March (revised). The rural, non-rural and base metals sub-indices all increased in the month. In Australian dollar terms, the index increased by 3.4 per cent in April.

Over the past year, the index has increased by 34.7 per cent in SDR terms, led by higher iron ore prices. The index has increased by 15.4 per cent in Australian dollar terms.

Consistent with previous releases, preliminary estimates for iron ore, coking coal, thermal coal and LNG export prices are being used for the most recent months, based on the market information. Using spot prices for the bulk commodities, the index increased by 3.4 per cent in April in SDR terms, to be 43.2 per cent higher over the past year.

For further details regarding the Index of Commodity Prices please refer to the Reserve Bank of Australia Website.