Inflation Rate 2024 Australia. The consumer price index (cpi) is a quarterly measure of inflation published by the australian bureau of statistics (abs). The monthly consumer price index (cpi) indicator rose 2.7 per cent in the 12 months to august 2024, according to the latest data from the australian bureau of statistics.
Australia’s annual rate of inflation has risen to 3.8 per cent, up from 3.6 per cent at the start of the year. 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.