2024 Inflation Rate Australia Cnn. Treasury yields — or market interest rates — spiked, while the dollar has rallied against major currencies, partly as traders price in higher domestic inflation and therefore fewer interest. Australia inflation rate for 2023 was 5.60%, a 1% decline from 2022.

While there’s always a risk that prices will continue to surge, most experts agree australia’s inflation rate will trend downward in 2024 and in to 2025. Australia’s inflation rate has come within the rba’s target range in the month of august, easing from 3.5% in july to 2.7%., according to a wednesday release from the.