Australia Inflation Rate 2024. An important measure of underlying inflation — called trimmed mean inflation — only fell to 3.4 per cent in august, down from 3.8 per cent in july, according to the bureau of. The abs also publishes a monthly cpi indicator, which.

This marks the fifth consecutive quarter of lower. The consumer price index (cpi) is a quarterly measure of inflation published by the australian bureau of statistics (abs).