Inflation Rate Australia 2024. Australia inflation rate for 2020 was 0.85%, a. The current inflation rate in australia is 3.81%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in 2024 q2.
Inflation in underlying terms remains too high and it will be some time yet before inflation is sustainably in. A powerful lesson from history is that low and stable inflation is a prerequisite for a strong.