What is the rbas target for the inflation rate

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Australian Bureau of Statistics CPI Data Mar-2022 123.9, jun-2022- 126.1, sep-2022- 128.4, dec-2022 130.8, Mar-2023- 132.6

Question 1. from the above CPI or from the above data calculate rate of inflation in march2023.

Question 2. What is the RBA's target for the inflation rate?

Based on 1 and 2 what policy action would expect ?

Reference no: EM133479340

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