Commodity prices end 2012 higher

PRELIMINARY estimates for December indicate the Reserve Bank of Australia’s (RBA) index of commodity prices rose almost 1% in December, thanks in part to buoyed iron ore prices.

Commodity prices end 2012 higher Commodity prices end 2012 higher Commodity prices end 2012 higher Commodity prices end 2012 higher Commodity prices end 2012 higher

On a monthly average basis on special drawing rights (SDR) terms, commodity prices rose 0.8%, while in Australian dollar terms the index rose by 0.9%.

Revised figures show that the index rose 1.

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