Current Inflation Rate Australia 2024. Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021. According to the australian bureau of statistics (abs), prices rose by 1.
A year ago, when i last spoke to you, we d just seen the highest rate of inflation in several. Inflation has come in higher than expected, with prices rising by 1 per cent in the march quarter significantly reducing the chance of rate cuts by the reserve bank this.