Inflation Rate For 2024 Australia Flag . The consumer price index (cpi) rose 0.2 per cent in the september 2024 quarter and 2.8 per cent annually, according to the latest data from the australian bureau of statistics. Australia inflation rate for 2023 was 5.60%, a 1% decline from 2022.
Inflation in underlying terms remains too high and it will be some time yet before inflation is sustainably in. The current inflation rate in australia is 2.81%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in 2024 q3.
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