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Data from Reserve Bank of Australia. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia RBA Rural Commodity Price Index held to 131.5 in May 2026
Reserve Bank of AustraliaMonthlyReleased May 2026
Australia RBA Rural Commodity Price Index held to 131.5 in May 2026.
Latest Release
131.503347
Actual
—
Consensus
131.503347
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 |
|---|---|---|---|---|---|
| BTC/USD | ▼ Inverse | −0.36 | CRYPTO | Bearish BTC | → View |
| AUD/NZD | ▼ Inverse | −0.35 | FOREX | Bearish AUD | → View |
| AUD/JPY | ▲ Direct | +0.34 | FOREX | Bullish AUD | → View |
| S&P 500 | ▼ Inverse | −0.27 | INDEX | Bearish S&P 500 | → 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 131.50 (index) in May 2026. The reading was unchanged from the previous release. Over the past 12 months, the indicator has averaged 117.45 (index), ranging from 105.24 (index) to 131.50 (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 127.71 (index), up from the prior three at 117.80 (index). Volatility over the past year (σ 7.26 (index)) is higher than the prior year (σ 1.73 (index)). In May readings over the past 3 years, RBA Rural Commodity Price Index has averaged 110.92 (index).
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with BTC/USD (Bearish BTC). A secondary relationship exists with AUD/NZD, negatively correlated (Bearish AUD).
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 Rural Commodity Price Index - AU
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About RBA Rural Commodity Price Index — Australia
DEFINITION
Australia’s RBA Rural Commodity Price Index rose to 131.503347 in May, up from April’s 125.001781, marking a clear upward trend in rural commodity prices. This increase signals stronger commodity price momentum compared to the previous month. Market participants will watch for further data to assess implications for inflation and monetary 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 131.5 Index. Prior reading (Apr 2026): 125 Index. Before that (Mar 2026): 126.6 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.