Current Inflation Rate 2024 Australia 2023. June 2024 quarter (q2) results released in july this year revealed the consumer price index (cpi) rose 1.0%, representing an annual increase of 3.8%. Annual cpi inflation was 3.6 per cent in the march 2024 quarter, lower than the 4.1 per cent annual rise in the previous quarter.

Services inflation remains very high,. 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.