Current Inflation Rate 2024 Australia. Partly offsetting the annual increases in other. Australia's annual rate of inflation has risen to 3.8 per cent, up from 3.6 per cent at the start of the year.

Inflation is an increase in the level of prices of the goods and services that households typically buy. 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.