Inflation Rate 2024 Australian Economy

Inflation Rate 2024 Australian Economy. July headline inflation dropped from 3.8% in june to 3.5% yoy in july, though this was slightly higher than the consensus view (consensus 3.4%, ing f 3.5%). June 2024 quarter (q2) results released in july this year revealed the consumer price index (cpi) rose 1.0%, representing an annual increase of 3.8%.

A strong expansion in the australian economy is under way and inflation will increase further. Data in this snapshot are the latest available as at 7 august 2024.