Current Australian Inflation Rate 2024. 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. As treasurer jim chalmers pushes for the biggest overhaul of the reserve bank of australia in three.

The most significant price rises. This marks the fifth consecutive quarter of lower annual inflation since the peak of 7.8 per cent in the december 2022 quarter.