Current Inflation Rate Australia 2024. This marks the fifth consecutive quarter of lower annual inflation since the peak of 7.8 per cent in. Inflation in underlying terms remains too high and it will be some time yet before inflation is sustainably in.
At its august 2024 meeting, the reserve bank board decided to hold the cash rate. Australia inflation rate for 2021 was 2.86% , a 2.02% increase from 2020.