Australia'S Current Inflation Rate 2024. High inflation lowers living standards by eroding real incomes, and it is. 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.
Australia’s inflation rate, or cpi, rose 1.8% in the last quarter and 7.3% annually, overtaking the abs’ june figure as the highest inflation rate since 1990. An important measure of underlying inflation — called trimmed mean inflation — only fell to 3.4 per cent in august, down from 3.8 per cent in july, according to the bureau of.