Current Inflation Rate Australia 2024. It’s still high and above the rba’s target range. 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.

Annual cpi inflation was 3.6 per cent in the march 2024 quarter, lower than the 4.1 per cent annual rise in the previous quarter. Recent data confirm that inflation in australia continues to slow.