RTTNews - Australia's index of commodity prices, in SDR terms, dropped 3.5% in May, much slower than a revised 12.8% fall in April, the Reserve Bank said Monday.
The main contributors to the decline were the prices of coking coal, iron ore and steaming coal. However, prices of gold, nickel, sugar and wheat increased.
In Australian dollar terms, the commodity index decreased 8.2% in May compared to a revised 18.1% drop in the preceding month.
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