The RBA Governor is also reiterating that consumers can not expect to see prices fall, just because inflation has.

Bullock:

The fact is that prices have risen and their staying up there permanently. We’re not going to see a decline in we don’t want to see deflation. Deflation is not good for businesses. It’s not good for making investment decisions. That’s why low and stable inflation is best when it’s in the background and it isn’t influencing decisions. But I’m just want people to understand that when we’re lowering inflation, that doesn’t mean we are lowering the price level. We’re lowering the rate at which prices are increasing.