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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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Introduction

31 Dec 2006 RDP 2006-11
Christian Gillitzer and John Simon
RDP 2006-11: Component-smoothed Inflation: Estimating the Persistent Component of Inflation in Real Time 1. ... Download the Paper 313. KB. Headline inflation is almost always the target for inflation-targeting central banks.
https://www.rba.gov.au/publications/rdp/2006/2006-11/introduction.html

Literature Review

31 Dec 2006 RDP 2006-11
Christian Gillitzer and John Simon
of inflation can be obtained by placing zero weight on movements in these items. ... This concept of ‘monetary inflation’ is expressed in the quantity theory of money.
https://www.rba.gov.au/publications/rdp/2006/2006-11/literature-review.html

An Alternative Measure of Underlying Inflation

31 Dec 2006 RDP 2006-11
Christian Gillitzer and John Simon
The component-smoothed inflation measure is designed, wherever possible, to have these properties. ... This would seem to be of most relevance in countries where some other measure of inflation is the legislated, or otherwise chosen, target of policy.
https://www.rba.gov.au/publications/rdp/2006/2006-11/alternative-measure-of-underlying-inflation.html