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Data from Reserve Bank of Australia. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia RBA Non-Rural Commodity Price Index held to 110.05 in June 2026
Reserve Bank of AustraliaMonthlyReleased June 2026
Australia RBA Non-Rural Commodity Price Index held to 110.05 in June 2026.
Latest Release
110.046041
Actual
—
Consensus
110.046041
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 | −0.65 | COMMODITIES | Moves against | → View |
| S&P/ASX 200 | ▼ Inverse | −0.54 | INDEX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.53 | INDEX | Moves against | → View |
| AUD/USD | ▼ Inverse | −0.47 | FOREX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.44 | CRYPTO | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
RBA Non-Rural Commodity Price Index (Australia) was reported at 110.05 (index) in June 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 105.55 (index), ranging from 95.51 (index) to 114.33 (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 111.96 (index), up from the prior three at 110.71 (index). Volatility over the past year (σ 6.26 (index)) is higher than the prior year (σ 2.85 (index)). In June readings over the past 3 years, RBA Non-Rural Commodity Price Index has averaged 103.31 (index).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with S&P/ASX 200, negatively correlated (Bearish S&P).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include S&P Global Manufacturing PMI (Jul 23) and S&P Global Services PMI (Jul 23).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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RBA Non-Rural Commodity Price Index - AU
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About RBA Non-Rural Commodity Price Index — Australia
DEFINITION
Australia's RBA Non-Rural Commodity Price Index for June registered at 110.046041, missing the prior month's 114.333688. This decline from May to June signals a contraction in commodity prices after a period of elevated levels. Market focus now shifts to upcoming inflation data and RBA policy decisions amid this downward trend. 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 110 Index. Prior reading (May 2026): 114.3 Index. Before that (Apr 2026): 111.5 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=-0.65) — a useful reference for commodities-focused traders.
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EXPECTED ZONE
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Economic Calendar - AU Events
| Thursday, July 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:00 | AU | Westpac Leading Index MoM | 0 | -0.2 | -0.35 | Low | |