2024 Inflation Rate Australia. Core inflation rate in australia averaged 3.63 percent from 1983 until 2024, reaching an all time high of 10.70 percent in the first quarter of 1983 and a record low of 1.10 percent in the first quarter of 2021. Inflation in underlying terms remains too high and it will be some time yet before inflation is sustainably in the target range.
A set of graphs on australian australian inflation from the chart pack. March 2024 quarter (q1) results released in april this year revealed the consumer price index (cpi) rose 1.0%, representing an annual increase of 3.6%.