Inflation Rate For 2024 Australian Government. The outlook for underlying inflation is a little higher than three months ago, and is expected to peak at 6½ per cent in late 2022 before declining gradually towards the top of the inflation. This is a rate of inflation sufficiently.

The consumer price index (cpi) is a quarterly measure of inflation published by the australian bureau of statistics (abs). Over the twelve months to the june 2024 quarter, the cpi rose 3.8%.