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Commodity export prices rose again in Dec

AAP logoAAP 3/01/2017

Commodity export prices rose another 8.1 per cent in foreign currency terms in December, following November's 11.8 per cent rise, the Reserve Bank says.

The increase was driven by higher prices for coking coal and iron ore, lifting the annual rise to 45.5 per cent in foreign currency terms and 39.7 per cent in Australian dollar terms.

The base metals subindex increased in December, but the rural subindex declined.

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