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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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Functions and Objectives of the Reserve Bank

10 Sep 2012 RBA Annual Report – 2012
the economic prosperity and welfare of the people of Australia. For almost 20 years now, this general mandate has found concrete expression in the form of a medium-term inflation target. ... Monetary policy aims to keep the rate of consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2012/functions.html

Reserve Bank of Australia Annual Report 2011 - Functions and Objectives of the Reserve Bank

19 Sep 2011 RBA Annual Report 2011 PDF 72KB
https://www.rba.gov.au/publications/annual-reports/rba/2011/pdf/functions.pdf

Our Charter, Core Functions and Values

16 Oct 2015 RBA Annual Report – 2015
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 to keep consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2015/our-charter-core-functions-and-values.html

Governor's Foreword

20 Sep 2018 RBA Annual Report – 2018
Inflation rates remain low, but have generally moved closer to central bank targets. ... Economic growth has gradually picked up and inflation is moving closer to the Reserve Bank's target.
https://www.rba.gov.au/publications/annual-reports/rba/2018/governors-foreword.html

Reserve Bank of Australia Annual Report 2021 - Annual Performance Statement

30 Jun 2022 RBA Annual Report 2021 PDF 187KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/annual-performance-statement.pdf

Our Role

12 Apr 2020 RBA Annual Report – 2020
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/2020/our-role.html

Governor's Foreword

17 Oct 2019 RBA Annual Report – 2019
Inflation remains low, with less progress having been made towards the medium-term inflation target than was expected this time last year. ... This easing of monetary policy will help boost jobs growth and support more assured progress towards the
https://www.rba.gov.au/publications/annual-reports/rba/2019/governors-foreword.html

Our Charter, Core Functions and Values

24 Oct 2016 RBA Annual Report – 2016
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 to keep consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2016/our-charter-core-functions-and-values.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

Governor's Foreword

12 Sep 2014 RBA Annual Report – 2014
With interest rates at a five-decade low, the Board judged monetary policy to be appropriately configured to support demand, consistent with the inflation target, as investment in the mining sector ... higher inflation.
https://www.rba.gov.au/publications/annual-reports/rba/2014/gov-foreword.html