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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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Reserve Bank of Australia Annual Report – 2014

12 Sep 2014 Annual Report
Since the early 1990s, this general mandate has found practical expression in a flexible, medium-term inflation target of 2-3 per cent, on average, over the business cycle. ... The Bank remains committed to improving the environmental performance of its
https://www.rba.gov.au/publications/annual-reports/rba/2014/

Functions and Objectives

12 Sep 2014 RBA Annual Report – 2014
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/2014/functions.html

Governor's Foreword

21 Oct 2021 RBA Annual Report – 2021
Inflation has been below target for a number of years and the unemployment rate is still too high. ... The Reserve Bank Board remains committed to achieving the inflation target and doing what it can to return Australia to full employment.
https://www.rba.gov.au/publications/annual-reports/rba/2021/governors-foreword.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

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

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

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

Payments System Board Annual Report 2023

11 Oct 2023 PSB Annual Report - 2023 PDF 2459KB
https://www.rba.gov.au/publications/annual-reports/psb/2023/pdf/psb-annual-report-2023.pdf

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