Australian Inflation Rate 2024. Inflation in underlying terms remains too high and it will be some time yet before inflation is sustainably in. The current inflation rate in australia is 2.81%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in 2024 q3.
The table below contains annual inflation rates in australia from 1949. Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021.