[Shhh]A number of factors are likely to put upward pressure ...

A number of factors are likely to put upward pressure on the February result.

The education basket, which is only updated once a year in February, is expected to contribute around 0.2 of a percentage point to the result and petrol prices around 0.2 of a percentage point.

The Reserve Bank looks at a range of data points and economic indicators in assessing monetary policy decisions.

Fundamentally though, its goal is to achieve an annual headline inflation rate of between 2 and 3 per cent.

And while Australia's inflation target is expressed in terms of CPI inflation – known as 'headline inflation' – it can also be useful to look at indicators of 'underlying' or core inflation. $Australian Dollar(BK20043.AU)$ $S&P/ASX 200 OPIC(OXJO.AU)$ $S&P/ASX 200(.XJO.AU)$