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Commodity prices jump in November

AAP logoAAP 1/12/2016 Garry Shilson-Josling, Economist

Export prices rose 10.2 per cent in foreign currency terms in November, building on October's 8.4 per cent rise, the Reserve Bank says.

The increase was driven by higher prices for coking coal and iron ore, while the base metals subindex also increased in the month and the rural subindex was little changed.

Despite the November rise - the fifth in a row - the index was still down by 39.2 per cent from its peak in July 2011.

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