Current Inflation Rate 2024 Australian Government. Increases to government spending are typically thought to lead to higher inflation in net terms, heightening the chance that the rba responds through setting comparatively higher interest. 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.

Inflation rate in australia increased to 3.80 percent in the second quarter of 2024 from 3.60 percent in the first quarter of 2024. This decision supports progress of inflation to the midpoint of the.