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

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