Australian Inflation Rate 2024. The annual rate of inflation has increased for the first time since the december 2022 quarter. It was a reference to the infamous forward guidance of her predecessor philip lowe, whose 2021 comment that he did not expect rate rises until 2024 was.
Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021. The current inflation rate in australia is 3.81%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in 2024 q2.