Snapshot for Australia RBA Commodity AUD (AURBA$)

Rate Profile Information for AURBA$

As of Mar 2013 this series has been re-based from 2008/09 to 2011/12. In addition, 'the price measure for crude oil has been changed from Tapis to Brent and copper ore and lamb prices will be added and milk powder will be removed from the index'. For further details, please see: {http://www.rba.gov.au/publications/bulletin/2013/mar/3.html} Indicator of the prices received by Australian commodity exporters - measured in terms of Australian $. This index is based on the prices of 18 major commodities exported by Australia, classified into 3 components: - Non Rural Commodities AURBNONA Index - Rural Commodities AURBRURA Index - Base Metals AURBBSMA Index and they are weighted according to the gross exports of each commodity The index is rebased every 5 years. The rebase of the index was 2001/2 and the commodity price weights for 1994/5 and 2001/2.