The rise followed a revised 2.9 percent fall in October. The largest contributors to the rise in November were increases in the prices of iron ore and coking coal. The prices of rural commodities also rose, while prices for base metals fell in the month.

In Australian dollar terms, the index slipped 0.1 percent in November, and was down 16.3 percent on the year.

The index was down 11.6 percent in SDR terms compared to last year. Much of this fall has been due to declines in the prices of coking coal and iron ore. Despite the drop, the index is still about three times higher than where it was in the early 2000's.