Current Inflation Rate 2024 Australia. The rba expects inflation to take longer to return to target and keep the cash rate unchanged to support this. The latest data from the australian bureau of statistics shows annual inflation increased to 3.6 per cent in april 2024, up from 3.5 per cent in march.

A set of graphs on australian australian inflation from the chart pack. — for the rbi, like other central banks, the likelihood of a future rate cut is somewhat predicated on the us fed’s decision to cut rates.