Current Inflation Rate 2024 Australia. The current annual inflation rate in australia is 7%, according to abs data released in april for the march quarter. March 2024 quarter (q1) results released in april this year revealed the consumer price index (cpi) rose 1.0%, representing an annual increase of 3.6%.

It’s a far cry from the. Over the twelve months to the june 2024 quarter, the cpi rose 3.8%.