2024 Inflation Rate By Month Australia. Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021. Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer towards balance.

Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021. The current inflation rate in australia is 2.81%, which is calculated based on cpi (consumer price index) values for the last 12 months ending in 2024 q3.