Current Inflation Rate 2024 Australia. The latest figure came amid easing cost pressure following its peak in 2022. The current annual inflation rate in australia is 7%, according to abs data released in april for the march quarter.

Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021. Australia inflation rate for 2020 was 0.85% , a 0.76% decline from 2019.