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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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Inflation

10 Nov 2023 SMP – November 2023
Inflation | Statement on Monetary Policy – November 2023
https://www.rba.gov.au/publications/smp/2023/nov/inflation.html

Inflation

5 May 2023 SMP – May 2023
Inflation | Statement on Monetary Policy – May 2023
https://www.rba.gov.au/publications/smp/2023/may/inflation.html

Economic Conditions

6 Feb 2024 SMP – February 2024
Economic Conditions | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/economic-conditions.html

Inflation

6 May 2022 SMP – May 2022
Statement on Monetary Policy – May 20224. Inflation. Inflation is high and picked up more than expected in the March quarter of 2022. ... of elevated inflation in Australia prior to the global financial crisis (Graph 4.3).
https://www.rba.gov.au/publications/smp/2022/may/inflation.html

Inflation

10 Feb 2023 SMP – February 2023
Most measures of medium- and long-term inflation expectations remain anchored to the inflation target. ... The available evidence suggests that longer term inflation expectations remain anchored to the inflation target at this stage, although financial
https://www.rba.gov.au/publications/smp/2023/feb/inflation.html

Inflation

5 Aug 2022 SMP – August 2022
The available evidence suggests that longer term inflation expectations remain anchored to the inflation target at this stage (Graph 4.16). ... Most medium- and long-term measures, including those from financial markets, remain within the inflation
https://www.rba.gov.au/publications/smp/2022/aug/inflation.html

Inflation

4 Nov 2022 SMP – November 2022
However, aggregate wages growth remains moderate so far and wage growth expectations generally remain consistent with the inflation target. ... The available evidence suggests that longer term inflation expectations remain anchored to the inflation
https://www.rba.gov.au/publications/smp/2022/nov/inflation.html

Outlook

6 Feb 2024 SMP – February 2024
Outlook | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/outlook.html

Inflation

10 May 2018 SMP – May 2018
This has contributed to the slowing in market services inflation (Graph 4.5). ... A large share of reported wages growth outcomes remain around 2–3 per cent, which continues to suggest some anchoring around CPI outcomes and the Bank's inflation target.
https://www.rba.gov.au/publications/smp/2018/may/inflation.html

Overview

6 Feb 2024 SMP – February 2024
Overview | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/overview.html