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RBA Glossary definition for inflation target

inflation target – A tool to guide monetary policy expressed as a preferred range or figure for the rate of increase in prices over a period. In Australia, the inflation target is between 2 and 3 per cent per annum on average over the course of the business cycle.

RBA Glossary definition for inflation

inflation – A measure of the change (increase) in the general level of prices.

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References

31 Dec 2005 RDP 2005-05
Ivan Roberts
Clements KW and HY Izan (1987), ‘The measurement of inflation: a stochastic approach’,. ... Bulletin. , August, pp 1–6. Reserve Bank of Australia (1998), ‘The implications of recent changes to the consumer price index for monetary policy and the
https://www.rba.gov.au/publications/rdp/2005/2005-05/references.html

Underlying Inflation Concepts and Alternative Measures

31 Dec 2005 RDP 2005-05
Ivan Roberts
Download the Paper 192. KB. Underlying inflation is a difficult concept to pin down. ... However, there are reasons to be suspicious of a measure which entirely discards information about consumers' expenditure patterns, especially when the inflation
https://www.rba.gov.au/publications/rdp/2005/2005-05/underlying-inflation-concepts-measures.html

Introduction

31 Dec 2005 RDP 2005-05
Ivan Roberts
RDP 2005-05: Underlying Inflation: Concepts, Measurement and Performance 1. Introduction. Ivan Roberts. ... The Australian CPI is a transparent, publicly recognised gauge of price inflation, published quarterly.
https://www.rba.gov.au/publications/rdp/2005/2005-05/introduction.html