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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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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

Reserve Bank of Australia Annual Report 2020 - Annual Performance Statement for 2019/20

14 Oct 2020 Annual Report PDF 466KB
Flexible medium-term inflation target to achieve consumer price inflation of between 2 and 3 per cent, on average, over time. ... Achieving the inflation target preserves the value of money and facilitates strong and sustainable growth in the economy
https://www.rba.gov.au/publications/annual-reports/rba/2020/pdf/annual-performance-statement.pdf

Functions and Objectives of the Reserve Bank

25 Oct 2010 RBA Annual Report – 2010
For more than 15 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 inflation at 2–3 per cent, on average, over the cycle.
https://www.rba.gov.au/publications/annual-reports/rba/2010/functions.html

Functions and Objectives of the Reserve Bank

31 Aug 2007 RBA Annual Report – 2007
For more than a decade 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 inflation at 2–3 per cent, on average.
https://www.rba.gov.au/publications/annual-reports/rba/2007/functions-obj.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

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

Reserve Bank of Australia Annual Report 2012 - Governor’s Foreword

13 Sep 2012 RBA Annual Report 2012 PDF 124KB
https://www.rba.gov.au/publications/annual-reports/rba/2012/pdf/gov-foreword.pdf

Reserve Bank of Australia Annual Report 2014 - Functions and Objectives

22 Sep 2014 RBA Annual Report 2014 PDF 120KB
https://www.rba.gov.au/publications/annual-reports/rba/2014/pdf/functions.pdf

Reserve Bank of Australia Annual Report 2017 - Annual Performance Statement for 2016/17

12 Sep 2017 RBA Annual Report 2017 PDF 1540KB
https://www.rba.gov.au/publications/annual-reports/rba/2017/pdf/annual-performance-statement.pdf

Economic Survey

9 Mar 2023 RBA Annual Report – 1960
those of South-East Asia, where growth fell short of targets set in development plans. ... At the same time, new institutional facilities are encouraging the belief that protection from inflation is in fact possible.
https://www.rba.gov.au/publications/annual-reports/rba/1960/economic-survey.html