Ediva Lynnell

2024 Inflation Rate Australian. Australia inflation rate for 2023 was 5.60%, a 1% decline from 2022. The consumer price index (cpi) rose 0.2 per cent in the september 2024 quarter and 2.8 per cent annually, according to the latest data from the australian bureau of statistics.

Annual cpi inflation was 3.6 per cent in the march 2024 quarter, lower than the 4.1 per cent annual rise in the previous quarter. The consumer price index (cpi) is a quarterly measure of inflation published by the australian bureau of statistics (abs).