Inflation 2024 Australia. 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. Rent inflation in australia decreased to 7.30 percent in the second quarter of 2024 from 7.80.
This tool calculates the change in cost of purchasing a representative ‘basket of goods and services’ over a period of time. This marks the fifth consecutive quarter of lower annual inflation since the peak of 7.8 per cent in the december 2022 quarter.