Inflation Rate 2024 Australia January. The monthly consumer price index (cpi) indicator rose 3.4 per cent in the 12 months to january 2024, according to the latest data from the australian bureau of statistics (abs). It was the first increase in annual cpi figures since q4 of 2022, amid higher inflation.
Firms observations provide a timely read on inflation. The monthly consumer price index (cpi) in australia rose by 3.5% in the year to july 2024, down from june’s 3.8% but slightly above market consensus of 3.4%.