2024 Inflation Rate Australia July. Consumer prices rose 2.7% in the year to august, down from 3.5% in july.  — over the twelve months to the june 2024 quarter, the cpi rose 3.8%.

 — australia’s headline inflation rate falls back to target.  — june 2024 quarter (q2) results released in july this year revealed the consumer price index (cpi) rose 1.0%, representing an annual increase of 3.8%.