Inflation Rate 2024 Australia. The public sector rose 0.9%, up. 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.

Meanwhile, the monthly cpi index went up by 3.8% yoy in. Australia’s annual rate of inflation lifted to 3.8 per cent in the june quarter, up from 3.6 per cent.