To do this, the table below shows the outcomes for the key economic variables in 2021 as well as the RBA's central forecasts at the start of last year.
Table 1: Key Economic Variables – 2021 Per cent Outcome  Forecast  Difference (percentage points)  GDP Growth  5*  3½  1½  Unemployment Rate  4.2  6  −1¾  CPI Inflation  3.5  1½  +2  Underlying Inflation  2.6  1¼  +1¼  Wage Price Index  2¼*  1½  +¾  (a) * Estimate based on available data.