Inflation 2024 Australia. The reserve bank of australia increased interest rates by a quarter of a percentage point to 4.35 per cent and raised its inflation expectations for 2024. 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.

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