2024 Inflation Rate Australia Graph. Most of this difference can be attributed to the. Australia inflation rate for 2023 was 5.60%, a 1% decline from 2022.
Around 70 per cent of the cpi basket had an annualised inflation rate above 2.5 per cent in the quarter, which is comparable to the levels seen during the period of elevated inflation in. The most significant price rises this quarter were recreation and culture (+1.3%), food and non.
