Inflation Rate For 2024 Australia Today

Inflation Rate For 2024 Australia Today. Australia inflation rate for 2021 was 2.86%, a 2.02% increase from 2020. Inflation may be continuing to move in the right direction, but the reserve bank board has opted to keep interest rates steady once again.

The most significant price rises this quarter were recreation and culture (+1.3%), food and non. Australia’s inflation rate is at its lowest level since before price shocks began in 2021, at 2.1 per cent in the year to october.