Inflation Rate 2024 By Month Australia. The annual rate of headline inflation fell to 2.7 per cent in august, down from 3.5 per cent in july. At its august 2024 meeting, the reserve bank board decided to hold the cash rate.
Over the twelve months to the june 2024 quarter, the cpi rose 3.8%. That huge slowdown in the pace of headline inflation was expected, but.