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Data from Reserve Bank of Australia. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia RBA Rural Commodity Price Index held to 124.98 in April 2026
Reserve Bank of AustraliaMonthlyReleased April 2026
Australia RBA Rural Commodity Price Index held to 124.98 in April 2026.
Latest Release
124.982986
Actual
—
Consensus
124.982986
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 |
|---|---|---|---|---|---|
| AUD/NZD | ▼ Inverse | −0.39 | FOREX | Bearish AUD | → View |
| BTC/USD | ▼ Inverse | −0.35 | CRYPTO | Bearish BTC | → View |
| AUD/JPY | ▲ Direct | +0.34 | FOREX | Bullish AUD | → View |
| S&P 500 | ▼ Inverse | −0.30 | INDEX | Bearish S&P 500 | → View |
| USD/JPY | ▲ Direct | +0.25 | FOREX | Bullish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
RBA Rural Commodity Price Index (Australia) was reported at 124.98 (index) in April 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 114.95 (index), ranging from 101.53 (index) to 126.63 (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 124.58 (index), up from the prior three at 115.68 (index). Volatility over the past year (σ 7.14 (index)) is higher than the prior year (σ 1.60 (index)). In April readings over the past 3 years, RBA Rural Commodity Price Index has averaged 107.30 (index).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with AUD/NZD (Bearish AUD). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Construction Work Done QoQ (May 27) and Inflation Rate YoY (May 27).
Auto-generated from current model state · Refreshes on each release · Last update April 2026.
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RBA Rural Commodity Price Index - AU
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About RBA Rural Commodity Price Index — Australia
DEFINITION
Australia's RBA Rural Commodity Price Index for April came in at 124.982986, down from March's 126.627852, marking a decline in rural commodity prices. The index retreated after two consecutive months of gains, signaling easing pressure on agricultural inflation. Market participants will watch upcoming data for further clarity on commodity trends amid stable central bank policy. Updated 5/2/26
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 (Apr 2026): actual 125 Index. Prior reading (Mar 2026): 126.6 Index. Before that (Feb 2026): 122.1 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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.