Rate Of Inflation 2024 Australia Graph. The monthly consumer price index (cpi) indicator rose 3.5 per cent in the 12 months to july 2024, down from 3.8 per cent in june, according to the latest data from the. 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.

This marks the fifth consecutive quarter of lower. The consumer price index (cpi) is a quarterly measure of inflation published by the australian bureau of statistics (abs).