2024 Inflation Rate Australia. The australian bureau of statistics (abs) reported that the consumer price index (cpi) rose 1.0 per cent in the march 2024 quarter and 3.6 per cent annually. The monthly consumer price index (cpi) in australia rose by 2.7% from the previous year in august 2024, the lowest figure since august 2021.
See the breakdown by categories, the rba’s target range, and the historical. While firms’ pricing intentions were consistent with an easing in the pace of inflation, it was notable that their average expected price growth would remain above the bank’s.
