RTTNews - Tuesday, the Reserve Bank of Australia said the index of commodity prices in SDR terms fell 0.3% month-on-month in July, after a revised 0.5% fall in June.
The largest contributors to the fall in July were decreases in the price of wheat and the estimated prices of coal. However, the prices of aluminium, beef and veal rose, as also the estimated price of iron ore.
In Australian dollar terms, the index was broadly unchanged in July, following a revised 3.8% fall in June.
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