2024 Inflation Rate Australia Forecast. 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. 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 the.

The decline in inflation over the remainder of 2023 is expected to be driven by the resolution of supply disruptions and. The monthly consumer price index (cpi) indicator rose 3.6 per cent in the 12 months to april 2024, according to the latest data from the australian bureau of statistics.