2024 Inflation Rate Forecast Australia. In 2024 the bank expected australian inflation to end the year at 4.7% and in 2025 and 2.5%. The monthly consumer price index (cpi) indicator rose 3.6 per cent in the 12 months to april.

The annual movement for the monthly cpi indicator. Inflation, consumer prices (annual %) in australia was reported at 5.597 % in 2023, according to the world bank collection of.