Australia's commodity price index rose 0.6% month over month in December 2024 in special drawing rights (SDR) terms, following a revised 1.3% increase in the prior month, preliminary data from the Reserve Bank of Australia showed Thursday.

Both the rural and non-rural subindices grew, while the base metals subindex declined.

In Australian dollar terms, the index was up 3.1%.

Over the last 12 months, the index was down almost 11% in SDR terms in December 2024 due to lower iron ore and coking coal prices. The index fell 7.4% annually in Australian dollar terms.