Inflation Rate Australia July 2024. Annually, the cpi rose 3.8 per cent, with slightly higher annual inflation for both goods and services than in the march 2024 quarter. Australia's inflation rate is at its lowest level since before price shocks began in 2021, at 2.1 per cent in the year to october.
Australia’s inflation rate is at its lowest level since before price shocks began in 2021, at 2.1 per cent in the year to october. It was the first increase in annual cpi figures since q4 of 2022, amid higher inflation for both goods (3.2% vs.