Current Inflation Rate Australia 2024 Us. At its february 2024 meeting, the reserve bank board decided to leave the cash rate target unchanged at 4.35 per cent. The current headline inflation rate is 6.9%, which was announced in late november as part of the new monthly cpi update.
This was the lowest figure since q4 of 2021, as goods inflation eased for the sixth consecutive quarter (3.1% vs 3.8% in q4) and services inflation slowed for the third straight quarter (4.3% vs 4.6%). The current annual inflation rate in australia is 7%, according to abs data released in april for the march quarter.
June 26, 2024 12:29Am Edt.
The consumer price index (cpi) is a quarterly measure of inflation published by the australian bureau of statistics (abs).
At The End Of 2023, It Looked Like Inflation Was Headed Back To Target In The First Half Of 2024, And That Rate Cuts Could Then Begin.
Despite overall cpi falling, the price of groceries in the us remains high.
Current Inflation Rate Australia 2024 Us Images References :
Labor Department Data Published On June 12, 2024.
The monthly cpi indicator rose 3.6% in the 12 months to april, following a 3.5% rise in the 12 months to march.
Australia Inflation Rate For 2022 Was 6.59%, A 3.73% Increase From 2021.
This was the lowest figure since q4 of 2021, as goods inflation eased for the sixth consecutive quarter (3.1% vs 3.8% in q4) and services inflation slowed for the third straight quarter (4.3% vs 4.6%).