Inflation Rate 2024 Australia February. The monthly consumer price index (cpi) indicator rose 3.4 per cent in the 12 months to february 2024, according to the latest data from the australian bureau of statistics (abs). By november, the combination of higher unemployment and inflation nearing the target range should be enough for the rba to begin to move, with the cash rate.

The monthly cpi indicator rose 3.4% in the 12 months to february. Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021.