Australian Inflation Rate 2024. Australia’s inflation rate, or cpi, rose 1.8% in the last quarter and 7.3% annually, overtaking the abs’ june figure as the highest inflation rate since 1990. Historical inflation rates from 1949 to 2024 for australia.

Inflation in underlying terms remains too high and it will be some time yet before inflation is sustainably in. The consumer price index (cpi) is a quarterly measure of inflation published by the australian bureau of statistics (abs).