What Is The Inflation Rate In Australia 2024. 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. The monthly cpi indicator rose 4.0% in the 12 months to may.

The monthly consumer price index (cpi) indicator rose 4.0 per cent in the 12 months to may 2024, up from 3.6 per cent in april, according to the latest data from. Inflation continues to moderate but is some way.