2024 Inflation Rate Australia Graph. Australia's annual rate of inflation has risen to 3.8 per cent, up from 3.6 per cent at the start of the year. At its august 2024 meeting, the reserve bank board decided to hold the cash rate.
Over the twelve months to the march 2024 quarter, the cpi rose 3.6%. Inflation in underlying terms remains too high and it will be some time yet before inflation is sustainably in.
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