At its february 2024 meeting, the reserve bank board decided to leave the cash rate target unchanged at 4.35 per cent. Inflation in australia and internationally is high and expected.
Inflation accelerated for a second consecutive month in april; The monthly consumer price index (cpi) indicator rose 3.4 per cent in the 12 months to january.
The Current Inflation Target Range Is 1% To 3%, Which Has Been Adopted Since 2020.
A set of graphs on australian australian inflation from the chart pack.
The Inflation Rate In 2023 Was 5.18%.
Australia inflation rate for 2021 was 2.86%, a 2.02% increase from 2020.
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Over The Twelve Months To The March 2024 Quarter, The Cpi Rose 3.6%.
We see gdp growth slowing from 2.0% in 2023 to 1.5% in 2024.
Australia’s Elevated Inflation Suggests Rba To Extend Pause.
The current inflation target range is 1% to 3%, which has been adopted since 2020.
