Search: inflation target
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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Statement on Monetary Policy
30 Jul 2003
SMP
PDF
42KB
Graph D1Although Australia’s inflation target isexpressed in terms of the Consumer PriceIndex (CPI), it can be useful when assessinginflationary trends to focus on underlyingmeasures which abstract from short-runvolatility. ... ConclusionAlthough the
https://www.rba.gov.au/publications/smp/2002/may/pdf/box-d.pdf
Inflation
4 Feb 2021
SMP
– February 2021
Together, these price increases contributed 0.8 percentage points to CPI inflation in the quarter. ... Unions' inflation expectations remain relatively subdued. Consensus and market economists' long-term inflation expectations are around 2–2 per cent
https://www.rba.gov.au/publications/smp/2021/feb/inflation.html
Inflation
8 May 2020
SMP
– May 2020
Table 5.1: Measures of Consumer Price Inflation. Per cent. Quarterly. (a). Year-ended. (b). ... Long-term survey-based measures of inflation expectations are little changed around 2-2 per cent and remain consistent with the Bank's medium-term
https://www.rba.gov.au/publications/smp/2020/may/inflation.html
Inflation
10 Aug 2018
SMP
– August 2018
Ongoing competition in the retail sector has also continued to put downward pressure on inflation. ... Graph 4.14. Inflation expectations are generally consistent with the inflation target.
https://www.rba.gov.au/publications/smp/2018/aug/inflation.html
Inflation
5 Nov 2020
SMP
– November 2020
Recent inflation outcomes have been unusually volatile as a result of the pandemic. ... Long-term survey-based measures of inflation expectations are around 2–2 per cent and remain consistent with the Bank's medium-term inflation target.
https://www.rba.gov.au/publications/smp/2020/nov/inflation.html
Inflation
8 Nov 2019
SMP
– November 2019
Table 4.1: Measures of Consumer Price Inflation. Per cent. Quarterly. (a). Year-ended. (b). ... Long-term survey-based measures remain consistent with the Bank's medium-term inflation target.
https://www.rba.gov.au/publications/smp/2019/nov/inflation.html
Economic Outlook
5 May 2023
SMP
– May 2023
Economic Outlook | Statement on Monetary Policy – May 2023
https://www.rba.gov.au/publications/smp/2023/may/economic-outlook.html
Inflation
20 Nov 2023
SMP
- November 2023
PDF
2189KB
https://www.rba.gov.au/publications/smp/2023/nov/pdf/04-inflation.pdf
Inflation
9 Aug 2019
SMP
– August 2019
However, housing-related inflation was particularly weak in the first half of 2019. ... However, they remain consistent with the Bank's medium-term inflation target. Graph 4.13.
https://www.rba.gov.au/publications/smp/2019/aug/inflation.html
Economic Outlook
10 Feb 2023
SMP
– February 2023
Headline consumer price inflation was 7.8 per cent over 2022. Inflation is forecast to decline to around the top of the 2–3 per cent target band over coming years. ... Graph 5.2. Underlying inflation is forecast to decline significantly over coming
https://www.rba.gov.au/publications/smp/2023/feb/economic-outlook.html