Australia Commodity Prices Rise In January

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Australia's commodity prices in SDR terms climbed 1.8% month-on-month in January after the revised 2.1% increase in the previous month, the Reserve Bank of Australia reported on Monday.

The largest contributors to the rise were increases in the prices of sugar, copper and oil, the central bank said.

In Australian dollar terms, commodity prices were estimated to have fallen 0.8% month-on-month in January, following an increase of 3.3% in December.

Australia's commodity prices in SDR terms climbed 1.8% month-on-month in January after the revised 2.1% increase in the previous month, the Reserve Bank of Australia reported on Monday. (Market News Provided by RTTNews)