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Data from Reserve Bank of Australia. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia RBA Commodity Price Index held to 113.17 in June 2026
Reserve Bank of AustraliaMonthlyReleased June 2026
Australia RBA Commodity Price Index held to 113.17 in June 2026.
Latest Release
113.170877
Actual
—
Consensus
113.170877
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 | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.67 | COMMODITIES | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.55 | INDEX | Moves against | → View |
| S&P/ASX 200 | ▼ Inverse | −0.53 | INDEX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.49 | CRYPTO | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.46 | FOREX | Moves against | → 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 113.17 (index) in June 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 107.27 (index), ranging from 97.15 (index) to 116.36 (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 114.21 (index), up from the prior three at 112.04 (index). Volatility over the past year (σ 6.31 (index)) is higher than the prior year (σ 2.37 (index)). In June readings over the past 3 years, RBA Commodity Price Index has averaged 104.45 (index).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500).
Auto-generated from current model state · Refreshes on each release · Last update June 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 for June registered at 113.170877, down from May's 116.364077, marking a decline in commodity prices. The index fell from May to June, reversing the previous month's upward trend and indicating a contraction in commodity price momentum. Market participants will watch for further data to assess implications for the Reserve Bank of Australia's policy outlook. Updated 7/2/26
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 (Jun 2026): actual 113.2 Index. Prior reading (May 2026): 116.4 Index. Before that (Apr 2026): 113.1 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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.67) — a useful reference for commodities-focused traders.
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EXPECTED ZONE
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