Current Inflation Rate 2024 Australia Today. The latest consumer price index data from the australian bureau of statistics showed prices increased by 1 per cent during the march quarter, leaving the annual inflation. The inflation rate in australia between 1949 and 2023 was 3,239.75%, which translates into a total increase of $3,239.75.

$1 in 2020 → 2024. The reserve bank targets an.