Rate Of Inflation 2024 Australian Government. Inflation rate in australia decreased to 2.80 percent in the third quarter of 2024 from 3.80 percent in the second quarter of 2024. An important measure of underlying inflation — called trimmed mean inflation — only fell to 3.4 per cent in august, down from 3.8 per cent in july, according to the bureau of.
The outlook for australia’s economic growth is worsening and inflation forecasts remain uncertain as the federal government battles to simultaneously spur growth and rein in. Inflation rate in australia is expected to be 2.20 percent by the end of this quarter, according to trading.