Current Inflation Rate 2024 Australian Government. This decision supports progress of inflation to the midpoint of the. 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.
At its february 2024 meeting, the reserve bank board decided to leave the cash rate target unchanged at 4.35 per cent. The most significant price rises this quarter were recreation and culture (+1.3%), food and non.