I think we are well on the way to that situation, and our part in the RBA is to keep us on that track. APPENDIX (for Table 2) Table 2 is an updated version of a table prepared originally in Brooks (1998). The inflation rates are calculated as the year-ended change in the quarterly index.
The GDP growth rates are calculated as the year-ended change in the quarterly GDP series. Where quarterly data are not available, year-average growth calculated from IMF data are used. Other overseas data are sourced from national statistical authorities and the OECD, while Australian data are sourced from the Australian Bureau of Statistics (ABS).