The Reserve Bank of Australia’s Index of Commodity Prices rose 15.5% year-on-year in August 2026, according to the latest official update, which put July’s increase at 15.4%. This differs from the previously recorded revised July figure of 17.2%. Measured in Special Drawing Rights, the index tracks prices received for major Australian exports including iron ore, coal, natural gas and agricultural products while limiting the impact of currency movements. The sustained annual increase reflects continued strength in energy and metals demand, particularly from Asian markets, alongside constrained global supply chains. Elevated commodity prices support export earnings, corporate profits, government revenue and national income, but can also affect inflation, the Australian dollar and the Reserve Bank’s economic outlook. The resources sector therefore remains an important economic pillar as global conditions cool and policymakers pursue price stability.