FX.co ★ Australian Commodity Price Growth Cools to 12.5% in October, Easing from September Peak

Australia’s commodity prices grew 12.5% year-over-year in October 2026, easing from a 15.5% annual increase recorded in September 2026, according to data updated on 2 November 2026.

The figures, which compare each month’s performance to the same month a year earlier, indicate that while commodity prices are still rising on an annual basis, the pace of growth has slowed. September’s reading showed a 15.5% year-over-year increase, whereas October’s softer 12.5% rise points to moderating momentum in commodity price gains.

The shift may signal an early stage of normalization in Australia’s commodity markets after a period of stronger annual increases, although prices remain notably higher than a year ago. The latest data highlight that the “actual” October measure and the “previous” September measure both reflect year-over-year changes, underscoring a clear deceleration over the two-month span.