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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Our Role
27 Oct 2022
RBA Annual Report
– October 2022
The flexible medium-term inflation target underpins the monetary policy framework in Australia. ... Achieving the inflation target preserves the value of money and facilitates strong and sustainable growth in the economy over the longer term.
https://www.rba.gov.au/publications/annual-reports/rba/2022/our-role.html
Our Role
20 Sep 2018
RBA Annual Report
– 2018
the economic prosperity and welfare of the people of Australia. Policies in pursuit of these objectives have found practical expression in a flexible, medium-term inflation target, which has formed the ... The policy objective is for consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2018/our-role.html
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
Reserve Bank of Australia Annual Report 2023
16 Oct 2023
RBA Annual Report
- 2023
PDF
344KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/our-role.pdf
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
Our Role
25 Sep 2017
RBA Annual Report
– 2017
the economic prosperity and welfare of the people of Australia. Policies in pursuit of these objectives have found practical expression in a flexible, medium-term inflation target, which has formed the ... The policy objective is for consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2017/our-role.html
Statement on Monetary Policy
6 Feb 2024
SMP
- February 2024
PDF
4547KB
https://www.rba.gov.au/publications/smp/2024/feb/pdf/statement-on-monetary-policy-2024-02.pdf
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
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
20 Nov 2023
SMP
- November 2023
PDF
2189KB
https://www.rba.gov.au/publications/smp/2023/nov/pdf/04-inflation.pdf