Current Inflation Rate 2024 Australian Dollars. The monthly consumer price index (cpi) indicator rose 3.4 per cent in the 12 months to january 2024, according to the latest data from the australian bureau of statistics. Over the twelve months to the september 2024 quarter, the cpi rose 2.8%.
Annual price growth has eased slightly after remaining around 5.0% since august 2023, with builders passing on higher costs for labour and materials. 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.