Inflation Rate Australia 2024. The monthly consumer price index (cpi) indicator rose 2.7 per cent in the 12 months to august 2024, according to the latest data from the australian bureau of statistics (abs). The inflation rate held at 2.1 per cent annually, with the rising price of food, alcohol, cigarettes and recreational activities keeping it up, while subsidised electricity bills and lower petrol.
Inflation rate in australia decreased to 2.80 percent in the third quarter of 2024 from 3.80 percent in the second quarter of 2024. The inflation rate held at 2.1 per cent annually, with the rising price of food, alcohol, cigarettes and recreational activities keeping it up, while subsidised electricity bills and lower petrol.
