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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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Videos | Education

19 Mar 2024
Australia's Inflation Target. 19 March 2021. A Video Explainer discussing the Reserve Bank's flexible inflation targeting framework. ... Australia's Inflation Target.
https://www.rba.gov.au/education/resources/videos.html

Monetary Policy Decision

19 Mar 2024 Speech
Michele Bullock
Media Conference 19 March 2024 – Monetary Policy Decision, Sydney
https://www.rba.gov.au/speeches/2024/mc-gov-2024-03-19.html

What is Monetary Policy? | Explainer | Education

15 Mar 2024
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/what-is-monetary-policy.html

Inflation and its Measurement | Explainer | Education

15 Mar 2024
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/inflation-and-its-measurement.html

The Transmission of Monetary Policy | Explainer | Education

15 Mar 2024
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/the-transmission-of-monetary-policy.html

Inflation and its Measurement

15 Mar 2024 PDF 181KB
Underlying InflationWhile Australia’s inflation target is expressed in terms of CPI inflation – known as ‘headline inflation’ – it can also be useful to look at indicators of ‘underlying’ inflation. ... The Reserve Bank may decide to
https://www.rba.gov.au/education/resources/explainers/pdf/inflation-and-its-measurement.pdf

Opening the Vault

15 Mar 2024 PDF 130KB
Learning activity
https://www.rba.gov.au/education/resources/learning-activities/pdf/activity-opening-the-vault.pdf

What is Monetary Policy?

14 Mar 2024 PDF 836KB
Since the early 1990s, the Reserve Bank has used an inflation target to achieve its monetary policy objectives. ... Actual. Australia’s Inflation Target. Inflation. Time. 3%. 2%. To achieve an inflation rate of.
https://www.rba.gov.au/education/resources/explainers/pdf/what-is-monetary-policy.pdf

Inflation Explained

14 Mar 2024 PDF 1993KB
2018 Teacher Immersion Event
https://www.rba.gov.au/education/professional-development/pdf/2018-teacher-immersion-event-inflation-explained.pdf

The Transmission of Monetary Policy

14 Mar 2024 PDF 159KB
The primary and conventional tool for monetary policy is the target for the cash rate, but other tools have included forward guidance, price and quantity targets for the purchase of government ... Higher wage growth would then contribute to higher
https://www.rba.gov.au/education/resources/explainers/pdf/the-transmission-of-monetary-policy.pdf