Current Inflation Rate Australia 2024. Over the twelve months to the march 2024 quarter, the cpi rose 3.6%. 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 rate at 3.6 per cent.
Friday’s report from the commerce department showed that an index that excludes volatile food and energy. However, the best money market rates in may 2024 were above 5.00%.
This Marks The Fifth Consecutive Quarter Of Lower Annual Inflation Since The Peak Of 7.8 Per Cent In The December 2022 Quarter.
It is now sitting at 4.2 per cent.
Economists Had Predicted February’s Cpi Would Come In At 3.5%.
Tue 9 jan 2024 19.46 est.
Australia’s Inflation Came In Faster Than Expected In April, Suggesting Price Pressures Remain Stubbornly Strong And Bolstering The Case For The.
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Michelle Marquardt, Abs Head Of Prices Statistics, Said:
Headline inflation is 4.1 per cent, around half of its peak a year ago.
Inflation Rate In Australia Decreased To 3.60 Percent In The First Quarter Of 2024 From 4.10 Percent In The Fourth Quarter Of 2023.
Consumer price index, australia, june quarter 2024 release date 31/07/2024 11:30am aest.
Forecasts For A Drop In The Rba's Cash Rate Have Been Steadily Reshaped This Year And.