Inflation Rate 2024 Australia Prediction. Underlying inflation is forecast to decline over coming years to be around 3 per cent by the end of 2024 (graph 5.2). All five living cost indexes (lcis) rose between 0.3% and 0.6% in the september 2024 quarter.
Inflation rate in australia increased to 3.80 percent in the second quarter of 2024 from 3.60 percent in the first quarter of 2024. Inflation is still high but is expected to ease gradually.