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Data from Reserve Bank of Australia. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia RBA Non-Rural Commodity Price Index held to 113.93 in September 2026
Reserve Bank of AustraliaMonthlyReleased September 2026
Australia RBA Non-Rural Commodity Price Index held to 113.93 in September 2026.
Latest Release
113.930408
Actual
—
Consensus
113.930408
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 |
|---|---|---|---|---|---|
| AUD/USD | ▼ Inverse | −0.66 | FOREX | Moves against | → View |
| XAU/USD | ▼ Inverse | −0.65 | COMMODITIES | Moves against | → View |
| USD/JPY | ▲ Direct | +0.38 | FOREX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.37 | CRYPTO | Moves against | → View |
| AUD/NZD | ▲ Direct | +0.33 | FOREX | Moves with | → 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 113.93 (index) in September 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 109.03 (index), ranging from 101.36 (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 indicator has been trending upward over the last three releases. The trailing three releases averaged 111.97 (index), up from the prior three at 111.08 (index). Volatility over the past year (σ 4.32 (index)) is higher than the prior year (σ 2.78 (index)). In September readings over the past 3 years, RBA Non-Rural Commodity Price Index has averaged 103.61 (index).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AUD/USD (Bearish AUD). 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 (Oct 30) and Building Permits MoM (Nov 2).
Auto-generated from current model state · Refreshes on each release · Last update September 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 rose to 113.930408 in September, up from August’s 112.621850, marking a continued upward trend. The index increased by 1.31 points month-over-month, reflecting steady commodity price gains. Market participants will watch for further data to gauge inflationary pressures amid central bank policy considerations. Updated 10/2/26
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 (Sep 2026): actual 113.9 Index. Prior reading (Aug 2026): 112.6 Index. Before that (Jul 2026): 109.4 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 AUD/USD (Bearish AUD, r=-0.66) — a useful reference for forex-focused traders.
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Economic Calendar - AU Events
| Thursday, October 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:30 | AU | Import Prices QoQ | -1.1 | 5.7 | 1.3 | 0.10 | Low |
| 00:30 | AU | Export Prices QoQ | 1.4 | 1.1 | 1.3 | 1.35 | Low |
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 00:30 | AU | Private Sector Credit YoY | 8.4 | 8.4 | 8.2 | 8.32 | Low |
| 00:30 | AU | Housing Credit MoM | 0.4 | 0.4 | 0.4 | 0.43 | Low |
| 00:30 | AU | Private Sector Credit MoM | 0.6 | 0.6 | 0.5 | 0.57 | Low |
| 00:30 | AU | Producer Price Index QoQ | 1.1 | 1.3 | 1 | 1.27 | Medium |
| 00:30 | AU | Producer Price Index YoY | 3.6 | 3.6 | 4.5 | 4.55 | Low |