In turn, developments in aggregate demand, in conjunction with developments in aggregate supply, influence the level of inflation in the economy. (rba.gov.au)
The issue over the period ahead will be whether these latter forces prove sufficient to contain inflation in an economy operating with little spare capacity. (rba.gov.au)
To achieve these statutory objectives, the Bank has an «inflation target» and seeks to keep consumer price inflation in the economy to 2 — 3 per cent, on average, over the medium term. (rba.gov.au)