Australian Inflation Rate 2024. 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 inflation rate for 2021 was 2.86% , a.

The most significant price rises this quarter were recreation and culture (+1.3%), food and non. Australia inflation rate for 2023 was 5.60%, a 1% decline from 2022.