Current Inflation Rate 2024 Australia 2024. Australia inflation rate for 2021 was 2.86% , a 2.02% increase from 2020. While there’s always a risk that prices will continue to surge, most experts agree australia’s inflation rate will trend downward in 2024 and in to 2025.
This marks the fifth consecutive quarter of lower annual inflation since the peak of 7.8 per cent in. Inflation is an increase in the level of prices of the goods and services that households typically buy.