What Is The Inflation Rate In Australia 2024. The consumer price index (cpi) rose 1.0% this quarter. Inflation was going to be 3.9 per cent, not the present 3.6 per cent and headed down, and the reserve bank's cash rate was going to climb two times in the second half of 2023 from 4.1 per cent to 4.5 per cent.

March 2024 quarter (q1) results released in april this year revealed the consumer price index (cpi) rose 1.0%, representing an annual increase of 3.6%. That said, the most recent data continued to highlight persistent service inflation.