What is inflation, and why is it a concern?

Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. It is a concern because it can reduce the purchasing power of consumers, increase the cost of living, and lead to a decline in economic growth.

What is the current inflation rate in Australia?

The current inflation rate in Australia is 4.6 per cent for the 12 months to February 2026, with core inflation already well above the RBA's target of 2.5 per cent.

What is the RBA's target for inflation?

The RBA's target for inflation is 2-3 per cent, which is considered to be a stable and sustainable rate of inflation.

How will the RBA's decision to raise interest rates affect the economy?

The RBA's decision to raise interest rates will have a range of effects on the economy, including reducing demand, increasing the cost of borrowing, and leading to a decline in economic growth.

What can I do to protect myself from higher interest rates and inflation?

You can protect yourself from higher interest rates and inflation by reviewing your budget, reducing your spending, and considering fixing your interest rate if you have a variable-rate mortgage. You should also consider diversifying your investments and building an emergency fund to protect yourself from potential economic downturns.

What is inflation, and why is it a concern?

Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. It is a concern because it can reduce the purchasing power of consumers, increase the cost of living, and lead to a decline in economic growth.

What is the current inflation rate in Australia?

The current inflation rate in Australia is 4.6 per cent for the 12 months to February 2026, with core inflation already well above the RBA's target of 2.5 per cent.

What is the RBA's target for inflation?

The RBA's target for inflation is 2-3 per cent, which is considered to be a stable and sustainable rate of inflation.

How will the RBA's decision to raise interest rates affect the economy?

The RBA's decision to raise interest rates will have a range of effects on the economy, including reducing demand, increasing the cost of borrowing, and leading to a decline in economic growth.

What can I do to protect myself from higher interest rates and inflation?

You can protect yourself from higher interest rates and inflation by reviewing your budget, reducing your spending, and considering fixing your interest rate if you have a variable-rate mortgage. You should also consider diversifying your investments and building an emergency fund to protect yourself from potential economic downturns.

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