Inflation 2024 Australia. Services inflation remains high and is expected to decline only gradually as. Australia inflation rate for 2022 was 6.59%, a 3.73% increase from 2021.
The outlook for underlying inflation is a little higher than three months ago, and is expected to peak at 6ยฝ per cent in late 2022 before declining gradually towards the top of the inflation. The monthly consumer price index (cpi) indicator rose 3.4 per cent in the 12 months to january 2024, according to.