2024 Inflation Rate Australia. The last time it was inside the target band was in august 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.
It was the lowest figure since march, reflecting the extended and expanded energy bill relief fund rebate. This marks the fifth consecutive quarter of lower annual inflation since the peak of 7.8 per cent in the december 2022 quarter.
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