Current Inflation Rate 2024 Australia Graph. The consumer price index (cpi) rose 1.0 per cent in the june 2024 quarter and 3.8 per cent annually, according to the latest data from the australian bureau of statistics (abs). 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.

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. 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.