Current Inflation Rate 2024 Australia 2024. Australia's inflation rate is at its lowest level since before price shocks began in 2021, at 2.1 per cent in the year to october. Australia inflation rate for 2022 was 6.59% , a 3.73% increase from 2021.
The most significant price rises this quarter were recreation and culture (+1.3%), food and non. Excluding the changes to cra, rent prices would have increased 0.5% in.