Current Inflation Rate Australia 2024. But it has been coming down, and at a slightly faster rate. It rose 2.7% in the 12 months to august 2024, down from 3.5% in.

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. The monthly consumer price index (cpi) indicator rose 3.4 per cent in the 12 months to january 2024, according to the australian bureau of statistics (abs).