ANZ Commodity Price Index (measures the change in the selling price of exported commodities) for August, -3.3% m/m, the second-largest decline of the past 6 months
- prior was -2.4%
- Index falls to a 6-month low
- Milk powder and butter prices ‘double-digit declines’, dairy sub-index falls 11.8% m/m to a 23-month low
- Beef prices up 13% m/m (setting a new record high)
- Aluminium prices increased 4% to an 18-month high
- Wool prices recovered 2% from a dip last month
- Commodity prices down 7.2% y/y
- After converting to New Zealand dollars, prices dropped 0.4% m/m and 12.5% y/y
