Inflation Rate 2024 Australia July
Inflation Rate 2024 Australia July. 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%. Inflation in underlying terms remains too high and it will be some time yet before inflation is sustainably in.
It was the first increase in annual cpi figures since q4 of 2022, amid higher inflation for both goods (3.2% vs. Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021.