Australia'S Current Inflation Rate 2024. The monthly consumer price index (cpi) indicator rose 4.0 per cent in the 12 months to may 2024, up from 3.6 per cent in april, according to the latest data from. The abs also publishes a monthly cpi indicator,.

Australia’s annual rate of inflation has risen to 3.8 per cent, up from 3.6 per cent at the start of the year. The monthly consumer price index (cpi) indicator rose 4.0 per cent in the 12 months to may 2024, up from 3.6 per cent in april, according to the latest data from.