Current Cpi Rate 2024 Australia. Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021. Australia inflation rate for 2021 was 2.86%, a 2.02% increase from 2020.

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 consumer price index (cpi) rose 1.0% this quarter.