Current Australian Inflation Rate 2024. Australia inflation rate for 2021 was 2.86% , a 2.02% increase from 2020. The consumer price index (cpi) rose 1.0 per cent in the march 2024 quarter and 3.6 per cent annually, according to the latest data from the australian bureau of statistics (abs).
The latest quarterly consumer price index figures revealed inflation. Australia inflation rate for 2020 was 0.85% , a 0.76% decline from 2019.
, Down From The 5.6 Increase In September.
The monthly cpi indicator rose 3.4% in the 12 months to january, following a 3.4% rise in the 12 months to december.
Analysts Say The Fall In Inflation Increases The Chance Of An Rba Rate Cut Earlier In 2024, Perhaps As Soon As June.
The most significant price rises this quarter were rents (+2.1%), secondary education (+6.1%), tertiary education (+6.5%) and medical and hospital services (+2.3%).
The Consumer Price Index (Cpi) Measures Household Inflation And Includes Statistics About Price Change For Categories Of Household Expenditure.
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Australia inflation rate for 2021 was 2.86% , a 2.02% increase from 2020.
The Annual Movement For The Monthly Cpi Indicator Excluding Volatile Items And Holiday Travel Was 4.1% In January, Down From The Rise Of 4.2% In December.
Australia inflation rate for 2020 was 0.85% , a 0.76% decline from 2019.
The Outlook For Underlying Inflation Is A Little Higher Than Three Months Ago, And Is Expected To Peak At 6½ Per Cent In Late 2022 Before Declining Gradually Towards The Top Of The Inflation Target Range By The End Of 2024 (Graph 5.2).