Australian Inflation Rate 2024. Australia's inflation rate was at 3.6% yoy in q1 of 2024, down from 4.1% in the prior period but above market expectations of 3.4%. The latest consumer price index data from the australian bureau of statistics showed prices increased by 1 per cent during the march quarter, leaving the.
At its february 2024 meeting, the reserve bank board decided to leave the cash rate target unchanged at 4.35 per cent. The annual rate of inflation might climb from 3.6 per cent in april to 3.8 per cent or even 4 per cent in may.