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Australia's Index of Commodity Prices Falls 0.5% in April

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-- The Australian Index of Commodity Prices declined 0.5% in April when measured in special drawing rights terms on a monthly average basis, after a 3.5% increase in March, the Reserve Bank of Australia reported Friday.

The non-rural and rural subindices fell in the month, while the base metals subindex increased.

In Australian dollar terms, the index was down by 0.8% in the month and increased by 4.6% over the past year, per the report.

The index soared 15.7% in special drawing rights terms when compared with the previous year. Higher rural commodity prices and base metal prices more than offset falls in the prices of liquefied natural gas and alumina.

Using spot prices for the bulk commodities index, the index slid by 0.6% in special drawing rights terms in April, but is still 16.9% higher over the past year.

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