Inflation Rate Australia June 2024. The consumer price index (cpi) rose 1.0 per cent in the june 2024 quarter and 3.8 per cent annually, according to the latest. Australia’s inflation rate jumps to 4%, putting an rba rate rise back on the agenda.

Australia’s inflation rate, or cpi, rose 1.8% in the last quarter and 7.3% annually, overtaking the abs’ june figure as the highest inflation rate since 1990. This marks the fifth consecutive.