What Is The Inflation Rate In Australia 2024. Inflation rate in australia increased to 3.80 percent in the second quarter of 2024 from 3.60 percent in the first quarter of 2024. Australia inflation rate for 2020 was 0.85% , a 0.76% decline from 2019.
The monthly consumer price index (cpi) indicator rose 4.0 per cent in the 12 months to may 2024, up from 3.6 per cent in april, according to the latest data from the australian bureau of statistics (abs). Consumer inflation expectations in australia edged down to 4.3% in july 2024 from 4.4% in june.