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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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Annual Performance Statement

9 Aug 2023 RBA Annual Report - 2022 PDF 186KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/annual-performance-statement.pdf

Our Role

9 Aug 2023 RBA Annual Report - 2022 PDF 207KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/our-role.pdf

Governor's Foreword

9 Aug 2023 RBA Annual Report - 2022 PDF 150KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/governors-foreword.pdf

Operations in Financial Markets

9 Aug 2023 RBA Annual Report - 2022 PDF 764KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/operations-in-financial-markets.pdf

Communication and Community Engagement

9 Aug 2023 RBA Annual Report - 2022 PDF 1131KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/communication-and-community-engagement.pdf

International Financial Cooperation

9 Aug 2023 RBA Annual Report - 2022 PDF 555KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/international-financial-cooperation.pdf

Australia and the World Economy

26 Jun 2023 RBA Annual Report – 1976
monetary growth, including the drawing of attention in some countries to monetary aggregates as targets or indicators of performance. ... Those where earlier policies were tightest seemed to have achieved greatest success against inflation.
https://www.rba.gov.au/publications/annual-reports/rba/1976/australia-and-the-world-economy.html

The World Economy and the Australian Balance of Payments

22 Jun 2023 RBA Annual Report – 1977
economic activity towards which policies are directed should be gradual, so as not to rekindle inflation. ... Those countries using guidelines (or target ranges) for the growth of monetary aggregates mostly appear to have been reasonably close to their
https://www.rba.gov.au/publications/annual-reports/rba/1977/world-economy-and-the-aus-balance-of-payments.html

Economic Developments and Monetary Policy

20 Jun 2023 RBA Annual Report – 1979
During 1978/79, there were, in many countries, set-backs to efforts to reduce inflation. ... Inflation, after moderating for three years, stayed about the same as in 1977/78.
https://www.rba.gov.au/publications/annual-reports/rba/1979/eco-dev-mon-policy.html

Economic Developments

9 Mar 2023 RBA Annual Report – 1988
This, plus some concerns about inflation, led to a gradual tightening in U.S. ... Import prices increased by only about 1 per cent, largely because of the strengthening Australian dollar and low inflation abroad.
https://www.rba.gov.au/publications/annual-reports/rba/1988/eco-developments.html