Current Inflation Rate 2024 Australia Forecast. Domestic activity is forecast to pick up a little from late 2024 onwards as the. The most significant price rises this quarter were rents (+2.1%), secondary education.

The annual rate of inflation declined in july, as commonwealth and state rebates drove energy prices lower, the bureau of statistics said. The australian economy is forecast to grow solidly over the second half of 2022, before slowing next year as higher consumer prices, rising interest rates and declining housing prices weigh on growth.