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P Eco T2 - Eco Trend

Current Economic Trends + Definitions - last updated 14/06/2024

QuestionAnswer
Current inflation rate? 3.8% (Jun 24)
Max inflation rate? 7.8% (Dec 22)
Min inflation rate? -0.3% (Jun 20)
Target inflation rate? 2-3%
Pre-covid inflation trend? between 1-2%
Covid inflation trend? Low during 20, steep increase in 21
Post-covid inflation trend? Rising to 7.8%, then falling steadily to 3.8%
Current cash rate? 4.35% (from Nov 23)
Pre-covid cash rate? 0.75% (Oct 19)
Covid cash rate? 0.1%
post-Covid cash rate? 0.1% until Mar 22
Current unemployment rate? 4.2%
Pre-covid unemployment rate? 5%
Covid unemployment rate? 7.5% (Jul 20)
Post-covid unemployment rate? Falling to 3.5% (Jul 22)
Current participation rate? 64.3% (Jul 24)
NAIRU estimation? 5% unemployment
Created by: MrMemer
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