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Data from Reserve Bank of Australia. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia RBA Commodity Price Index held to 114.67 in May 2026
Reserve Bank of AustraliaMonthlyReleased May 2026
Australia RBA Commodity Price Index held to 114.67 in May 2026.
Latest Release
114.673976
Actual
—
Consensus
114.673976
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P/ASX 200 | ▼ Inverse | −0.70 | INDEX | Bearish S&P | → View |
| XAU/USD | ▼ Inverse | −0.64 | COMMODITIES | Bearish XAU | → View |
| BTC/USD | ▼ Inverse | −0.56 | CRYPTO | Bearish BTC | → View |
| S&P 500 | ▼ Inverse | −0.49 | INDEX | Bearish S&P 500 | → View |
| AUD/USD | ▼ Inverse | −0.41 | FOREX | Bearish AUD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
RBA Commodity Price Index (Australia) was reported at 114.67 (index) in May 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 105.76 (index), ranging from 96.80 (index) to 114.67 (index) across 12 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 113.90 (index), up from the prior three at 109.04 (index). Volatility over the past year (σ 6.44 (index)) is higher than the prior year (σ 2.32 (index)). In May readings over the past 3 years, RBA Commodity Price Index has averaged 105.57 (index).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P/ASX 200 (Bearish S&P). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CFTC AUD speculative net positions (Jun 12) and Interest Rate Decision (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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RBA Commodity Price Index - AU
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About RBA Commodity Price Index — Australia
DEFINITION
Australia's RBA Commodity Price Index rose to 114.673976 in May, up from April's 113.086431, marking a steady increase. The index shows continued commodity price strength, reflecting ongoing demand and supply dynamics. Market participants will watch for further data to gauge inflationary pressures amid stable central bank policy. Updated 6/2/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 114.7 Index. Prior reading (Apr 2026): 113.1 Index. Before that (Mar 2026): 114 Index.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P/ASX 200 (Bearish S&P, r=-0.70) — a useful reference for index-focused traders.