Inflation Rate For 2024 Australian Government. 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. It was the first increase in annual cpi figures since q4 of 2022, amid higher inflation for both goods (3.2% vs.
The good news for the government was that the inflation data was not worse. June 2024 quarter (q2) results released in july this year revealed the consumer price index (cpi) rose 1.0%, representing an annual increase of 3.8%.