Current Inflation Rate 2024 Australia Graph. The monthly consumer price index (cpi) indicator rose 2.7 per cent in the 12 months to august 2024, according to the latest data from the australian bureau of statistics. Annual growth has remained at 4.0% or above since september quarter 2023.

Annual growth has remained at 4.0% or above since september quarter 2023. Australia inflation rate for 2023 was 5.60%, a 1% decline from 2022.