Inflation Rate For 2024 Australia. The monthly consumer price index (cpi) in australia rose by 3.5% in the year to july 2024, down from june's 3.8% but slightly above market consensus of 3.4%. The consumer price index (cpi) is a quarterly measure of inflation published by the australian bureau of statistics (abs).
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. Australia’s annual rate of inflation lifted to 3.8 per cent in the june quarter, up from 3.6 per cent.