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On behalf of the Australian government, the RBA aims to achieve a rate of inflation that averages between 2% and 3% over the medium term.  Up to date statistics can be found on the Reserve Bank of Australia's home page.

Year Inflation Rate (%) 2004/05 2.5% 2005/06 4.0% 2006/07 2.1% 2007/08 4.5% 2008/09 1.5%

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