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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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Governor's Foreword

27 Oct 2022 RBA Annual Report – October 2022
Reserve Bank of Australia Annual Report – 2022Governors Foreword. The past year has seen the return of high inflation as a major policy concern globally. ... changed. The task ahead is to return inflation to target while keeping the economy on an even
https://www.rba.gov.au/publications/annual-reports/rba/2022/governors-foreword.html

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

Operations in Financial Markets

9 Aug 2023 RBA Annual Report - 2022 PDF 764KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/operations-in-financial-markets.pdf

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

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

Key Financial Developments Since the Wallis Inquiry | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…

1 Mar 2014 Submissions
Prior to the 1990s, Australia had one of the highest inflation rates among developed economies. ... Nominal interest rates eventually fell in line with the lower inflation compensation required.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/financial-developments-since-wallis-inquiry.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

Submission to the Financial System Inquiry March 2014

10 Nov 2017 Submissions PDF 3041KB
Financial System Inquiry
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/pdf/financial-system-inquiry-2014-03.pdf

Submission to the 13th Series Review of the Consumer Price Index

9 Mar 2010 Submissions PDF 151KB
Consumer Price Index
https://www.rba.gov.au/publications/submissions/labour-market-and-inflation/pdf/13th-series-review-of-cpi.pdf