ECONOMIC OBJECTIVES - INFLATION Inflation is a rise in the general level of prices of commodities. Inflation is a major economic issue in Australia, and is one which requires stable management for durable and long-term improvements. Low inflation and steady economic growth; have emerged as outstanding economic achievements this decade. Along with unemployment, economic growth and external viability; inflation acts a major economic indicator, illustrating the strength and stability of our economy. It is for …showed first 75 words of 1076 total…

…showed last 75 words of 1076 total…one which requires great vigilance and perseverance for durable improvements. Though through the efforts of the RBA and the current government, inflation has fell to an unprecedented low, via much agony and policy deliberation. At present inflation has been brought back to earth through monetary and micro-economic policy essentially. Yet the pressing issue is not how far we can go with inflation, but how much can it's current level benefit our other major management issues.